Weil Company Inc. Boosts Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Weil Company Inc. boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,573 shares of the business services provider's stock after purchasing an additional 1,445 shares during the quarter. Verisk Analytics accounts for about 1.0% of Weil Company Inc.'s investment portfolio, making the stock its 27th biggest holding. Weil Company Inc.'s holdings in Verisk Analytics were worth $3,444,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CFC Planning Co LLC acquired a new position in shares of Verisk Analytics during the first quarter worth about $580,000. Nisa Investment Advisors LLC increased its holdings in shares of Verisk Analytics by 26.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 14,776 shares of the business services provider's stock worth $4,398,000 after acquiring an additional 3,071 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Verisk Analytics by 60.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 1,914 shares of the business services provider's stock worth $570,000 after buying an additional 724 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Verisk Analytics by 17.8% during the first quarter. Rehmann Capital Advisory Group now owns 1,226 shares of the business services provider's stock worth $365,000 after acquiring an additional 185 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Verisk Analytics by 71.1% in the 1st quarter. Principal Securities Inc. now owns 9,128 shares of the business services provider's stock valued at $2,514,000 after buying an additional 3,793 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock traded down $2.39 during trading on Friday, reaching $300.51. 931,611 shares of the company's stock were exchanged, compared to its average volume of 780,157. 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 1-year low of $257.59 and a 1-year high of $322.92. The company has a market cap of $42.04 billion, a P/E ratio of 44.00, a PEG ratio of 3.76 and a beta of 0.86. The firm's 50-day moving average price is $309.16 and its 200 day moving average price is $295.17.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $753.00 million during the quarter, compared to the consensus estimate of $750.31 million. During the same period in the prior year, the business earned $1.63 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, June 13th. Verisk Analytics's dividend payout ratio (DPR) is currently 26.35%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America assumed coverage on shares of Verisk Analytics in a research note on Thursday, April 10th. They issued an "underperform" rating and a $280.00 price objective for the company. Robert W. Baird increased their price target on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, UBS Group increased their price target on Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $302.40.

Insider Activity

In related news, insider Nicholas Daffan sold 5,419 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $318.10, for a total transaction of $1,723,783.90. Following the completion of the sale, the insider owned 56,701 shares of the company's stock, valued at $18,036,588.10. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Samuel G. Liss sold 11,656 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $313.06, for a total value of $3,649,027.36. Following the completion of the sale, the director owned 67,244 shares of the company's stock, valued at approximately $21,051,406.64. This represents a 14.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,825 shares of company stock worth $8,945,180. 0.46% of the stock is owned by corporate insiders.

About Verisk Analytics

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.