Legacy Advisors LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,356 shares of the business services provider's stock after selling 1,746 shares during the quarter. Legacy Advisors LLC's holdings in Verisk Analytics were worth $2,785,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Louisbourg Investments Inc. bought a new stake in shares of Verisk Analytics in the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Verisk Analytics in the fourth quarter worth $30,000. Rakuten Securities Inc. boosted its holdings in Verisk Analytics by 6,050.0% in the fourth quarter. Rakuten Securities Inc. now owns 123 shares of the business services provider's stock worth $34,000 after purchasing an additional 121 shares in the last quarter. Global Financial Private Client LLC increased its position in Verisk Analytics by 966.7% during the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after buying an additional 116 shares during the last quarter. Finally, Minot DeBlois Advisors LLC bought a new position in Verisk Analytics during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 90.00% of the company's stock.
Insider Activity
In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction on Monday, April 7th. The shares were sold at an average price of $285.86, for a total transaction of $337,028.94. Following the completion of the sale, the director now owns 13,786 shares of the company's stock, valued at approximately $3,940,865.96. The trade was a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 5,705 shares of Verisk Analytics stock in a transaction on Friday, May 9th. The stock was sold at an average price of $307.68, for a total value of $1,755,314.40. Following the sale, the chief accounting officer now directly owns 12,937 shares of the company's stock, valued at approximately $3,980,456.16. This trade represents a 30.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,259 shares of company stock valued at $7,553,769 over the last 90 days. 0.46% of the stock is owned by company insiders.
Verisk Analytics Price Performance
Shares of VRSK stock traded up $0.96 during trading hours on Thursday, hitting $305.13. The company had a trading volume of 632,214 shares, compared to its average volume of 763,344. Verisk Analytics, Inc. has a 12 month low of $257.59 and a 12 month high of $322.92. The company has a debt-to-equity ratio of 26.13, a quick ratio of 1.27 and a current ratio of 1.27. The firm's fifty day moving average is $305.85 and its 200 day moving average is $293.28. The firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 3.84 and a beta of 0.87.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Verisk Analytics had a net margin of 33.13% and a return on equity of 396.08%. The business had revenue of $753.00 million for the quarter, compared to analysts' expectations of $750.31 million. During the same period in the prior year, the firm earned $1.63 earnings per share. Verisk Analytics's revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
Verisk Analytics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.59%. Verisk Analytics's payout ratio is currently 26.35%.
Wall Street Analyst Weigh In
VRSK has been the topic of a number of analyst reports. Bank of America initiated coverage on Verisk Analytics in a report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective on the stock. Wells Fargo & Company lowered their price target on Verisk Analytics from $325.00 to $321.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $280.00 to $297.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Robert W. Baird boosted 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, UBS Group upped their price objective on shares of Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $302.40.
View Our Latest Analysis on VRSK
About Verisk Analytics
(
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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