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Harvest Fund Management Co. Ltd Has $5.66 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Verisk Analytics logo with Business Services background

Key Points

  • Harvest Fund Management Co. Ltd increased its holdings in Verisk Analytics by 118.3% during the first quarter, now owning 19,702 shares valued at $5.66 million.
  • Institutional investors and hedge funds own 90% of Verisk Analytics stock, indicating strong institutional interest in the company.
  • Verisk Analytics reported $1.73 EPS for the last quarter, exceeding expectations, with analysts projecting an average target price of $302.40 and a current rating of "Hold."
  • Five stocks we like better than Verisk Analytics.
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Harvest Fund Management Co. Ltd raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 118.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,702 shares of the business services provider's stock after purchasing an additional 10,676 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Verisk Analytics were worth $5,662,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new stake in Verisk Analytics during the 1st quarter valued at $1,549,000. Federated Hermes Inc. lifted its holdings in Verisk Analytics by 15.4% during the 1st quarter. Federated Hermes Inc. now owns 168,304 shares of the business services provider's stock valued at $50,091,000 after purchasing an additional 22,410 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Verisk Analytics during the 1st quarter valued at $86,000. Kirtland Hills Capital Management LLC lifted its holdings in Verisk Analytics by 1.0% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 3,993 shares of the business services provider's stock valued at $1,170,000 after purchasing an additional 41 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Verisk Analytics by 420.0% during the first quarter. Meeder Asset Management Inc. now owns 416 shares of the business services provider's stock worth $124,000 after buying an additional 336 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, Director Samuel G. Liss sold 11,656 shares of Verisk Analytics 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 transaction, the director owned 67,244 shares in the company, valued at $21,051,406.64. The trade was a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction dated Tuesday, July 15th. The shares were 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 in the company, 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 90 days, insiders have sold 28,825 shares of company stock valued at $8,947,730. Company insiders own 0.46% of the company's stock.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK traded down $18.58 during mid-day trading on Wednesday, reaching $275.47. The company had a trading volume of 2,409,349 shares, compared to its average volume of 850,439. The company has a debt-to-equity ratio of 26.13, a quick ratio of 1.27 and a current ratio of 1.27. Verisk Analytics, Inc. has a one year low of $257.59 and a one year high of $322.92. The firm has a market cap of $38.53 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 3.73 and a beta of 0.86. The business's 50-day simple moving average is $306.96 and its 200 day simple moving average is $297.24.

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, topping analysts' consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 396.08% and a net margin of 33.13%. The company had revenue of $772.60 million for the quarter, compared to analysts' expectations of $767.91 million. During the same quarter last year, the business earned $1.74 earnings per share. Verisk Analytics's revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.65%. Verisk Analytics's dividend payout ratio is presently 26.35%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRSK. Robert W. Baird lifted 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 lifted 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 began coverage on Verisk Analytics in a report on Thursday, April 10th. They set an "underperform" rating and a $280.00 target price for the company. One investment 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. According to data from MarketBeat, Verisk Analytics has an average rating of "Hold" and a consensus price target of $302.40.

Get Our Latest Stock Analysis 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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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