Eastern Bank lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,484 shares of the business services provider's stock after selling 4,284 shares during the period. Eastern Bank's holdings in Verisk Analytics were worth $14,132,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestcor Inc lifted its stake in shares of Verisk Analytics by 7.8% in the first quarter. Vestcor Inc now owns 5,567 shares of the business services provider's stock worth $1,657,000 after acquiring an additional 403 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Verisk Analytics by 118.3% during the first quarter. Harvest Fund Management Co. Ltd now owns 19,702 shares of the business services provider's stock worth $5,662,000 after purchasing an additional 10,676 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Verisk Analytics during the first quarter worth approximately $1,549,000. Federated Hermes Inc. raised its position in shares of Verisk Analytics by 15.4% during the first quarter. Federated Hermes Inc. now owns 168,304 shares of the business services provider's stock worth $50,091,000 after purchasing an additional 22,410 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Verisk Analytics during the first quarter worth approximately $86,000. Institutional investors own 90.00% of the company's stock.
Insider Activity
In other Verisk Analytics news, Director Samuel G. Liss sold 11,656 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $313.06, for a total value of $3,649,027.36. Following the completion of the transaction, the director owned 67,244 shares in the company, valued at $21,051,406.64. This trade represents a 14.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $303.88, for a total value of $91,164.00. Following the completion of the transaction, the chief financial officer owned 15,765 shares of the company's stock, valued at approximately $4,790,668.20. This represents a 1.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,825 shares of company stock worth $8,947,730. 0.46% of the stock is owned by company insiders.
Verisk Analytics Stock Performance
Shares of NASDAQ VRSK traded down $6.82 during trading on Friday, reaching $271.89. 1,544,019 shares of the stock traded hands, compared to its average volume of 884,367. Verisk Analytics, Inc. has a 52-week low of $259.22 and a 52-week high of $322.92. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.27. The company has a 50-day moving average of $306.24 and a 200-day moving average of $297.26. The stock has a market capitalization of $38.03 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 3.51 and a beta of 0.86.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%. The firm had revenue of $772.60 million for the quarter, compared to analysts' expectations of $767.91 million. During the same quarter in the prior year, the firm earned $1.74 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's dividend payout ratio is currently 27.73%.
Wall Street Analysts Forecast Growth
VRSK has been the subject of several recent research reports. Morgan Stanley upped their price target on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group decreased their price target on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday. 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 target for the company. Finally, Robert W. Baird upped their price target on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $302.30.
Get Our Latest Stock Report on VRSK
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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