King Luther Capital Management Corp lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,183 shares of the business services provider's stock after buying an additional 3,220 shares during the quarter. King Luther Capital Management Corp owned about 0.12% of Verisk Analytics worth $51,840,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after buying an additional 239,483 shares during the period. Invesco Ltd. grew its position in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider's stock worth $669,958,000 after buying an additional 596,225 shares during the period. Northern Trust Corp grew its position in shares of Verisk Analytics by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,639,719 shares of the business services provider's stock worth $451,628,000 after buying an additional 197,413 shares during the period. TD Asset Management Inc grew its position in shares of Verisk Analytics by 4.8% during the 1st quarter. TD Asset Management Inc now owns 1,537,613 shares of the business services provider's stock worth $457,624,000 after buying an additional 70,571 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Verisk Analytics by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,421,008 shares of the business services provider's stock worth $391,389,000 after buying an additional 4,069 shares during the period. Institutional investors and hedge funds own 90.00% of the company's stock.
Verisk Analytics Stock Performance
Shares of VRSK stock opened at $265.04 on Friday. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $37.03 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.83. The company's 50 day moving average price is $300.46 and its two-hundred day moving average price is $296.94. Verisk Analytics, Inc. has a 52 week low of $260.17 and a 52 week high of $322.92.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $772.60 million for the quarter, compared to the consensus estimate of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. On average, analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.
Verisk Analytics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 15th. Verisk Analytics's dividend payout ratio (DPR) is 27.73%.
Insider Activity at Verisk Analytics
In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total transaction of $98,080.36. Following the sale, the insider directly owned 9,319 shares in the company, valued at approximately $2,803,714.34. This trade represents a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Samuel G. Liss sold 11,656 shares of Verisk Analytics stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $313.06, for a total transaction of $3,649,027.36. Following the completion of the sale, the director owned 67,244 shares in the company, valued at $21,051,406.64. This trade represents a 14.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,120 shares of company stock valued at $7,192,416. Corporate insiders own 0.46% of the company's stock.
Wall Street Analyst Weigh In
VRSK has been the subject of several analyst reports. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an "outperform" rating in a research report on Monday, August 4th. UBS Group reduced their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley lifted their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Verisk Analytics has a consensus rating of "Hold" and an average price target of $305.60.
Read Our Latest Stock Analysis on Verisk Analytics
Verisk Analytics Company Profile
(
Free Report)
Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.
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