Stephens Investment Management Group LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 328,636 shares of the business services provider's stock after buying an additional 7,159 shares during the quarter. Verisk Analytics comprises approximately 1.4% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 16th largest holding. Stephens Investment Management Group LLC owned about 0.23% of Verisk Analytics worth $97,809,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Arizona State Retirement System grew its position in shares of Verisk Analytics by 5.9% during the 1st quarter. Arizona State Retirement System now owns 42,981 shares of the business services provider's stock worth $12,792,000 after buying an additional 2,402 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Verisk Analytics by 24.3% in the 1st quarter. Kathmere Capital Management LLC now owns 2,858 shares of the business services provider's stock worth $851,000 after purchasing an additional 559 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Verisk Analytics by 2.8% in the 1st quarter. Ballentine Partners LLC now owns 8,296 shares of the business services provider's stock worth $2,469,000 after purchasing an additional 228 shares in the last quarter. Callahan Advisors LLC lifted its holdings in shares of Verisk Analytics by 3.2% in the 1st quarter. Callahan Advisors LLC now owns 17,544 shares of the business services provider's stock worth $5,222,000 after purchasing an additional 541 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in shares of Verisk Analytics in the 1st quarter worth $452,000. Institutional investors and hedge funds own 90.00% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. UBS Group increased their target price on Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, Bank of America assumed coverage on Verisk Analytics in a report on Thursday, April 10th. They issued an "underperform" rating and a $280.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Verisk Analytics presently has a consensus rating of "Hold" and an average target price of $302.40.
Check Out Our Latest Analysis on Verisk Analytics
Insider Activity at Verisk Analytics
In other news, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction on Thursday, July 3rd. The stock was 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 $2,803,714.34. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $295.38, for a total value of $88,614.00. Following the sale, the chief financial officer owned 16,665 shares in the company, valued at $4,922,507.70. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,825 shares of company stock worth $8,945,180. 0.46% of the stock is owned by company insiders.
Verisk Analytics Price Performance
Shares of NASDAQ:VRSK opened at $300.51 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 26.13. The stock's fifty day simple moving average is $309.29 and its two-hundred day simple moving average is $295.44. Verisk Analytics, Inc. has a 1-year low of $257.59 and a 1-year high of $322.92. The stock has a market cap of $42.04 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 3.73 and a beta of 0.86.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. The business had revenue of $753.00 million for the quarter, compared to analysts' expectations of $750.31 million. Verisk Analytics had a return on equity of 396.08% and a net margin of 33.13%. The business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. As a group, analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, June 13th. Verisk Analytics's payout ratio is 26.35%.
Verisk Analytics Profile
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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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