Tower Research Capital LLC TRC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 98.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,601 shares of the business services provider's stock after purchasing an additional 5,258 shares during the quarter. Tower Research Capital LLC TRC's holdings in Verisk Analytics were worth $2,920,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its position in Verisk Analytics by 468.8% in the fourth quarter. Manchester Capital Management LLC now owns 91 shares of the business services provider's stock worth $25,000 after acquiring an additional 75 shares during the period. Sugarloaf Wealth Management LLC bought a new position in Verisk Analytics in the fourth quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in Verisk Analytics in the fourth quarter worth approximately $29,000. Centricity Wealth Management LLC bought a new position in Verisk Analytics in the fourth quarter worth approximately $28,000. Finally, SBI Securities Co. Ltd. bought a new position in Verisk Analytics in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.00% of the company's stock.
Verisk Analytics Price Performance
NASDAQ VRSK traded down $2.19 on Friday, reaching $286.05. The company had a trading volume of 1,016,011 shares, compared to its average volume of 773,741. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The stock has a market capitalization of $40.03 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 3.37 and a beta of 0.88. The firm's 50 day moving average price is $291.74 and its 200 day moving average price is $284.84. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $306.68.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.01. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company had revenue of $735.60 million for the quarter, compared to the consensus estimate of $733.55 million. As a group, equities analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.
Verisk Analytics announced that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
Verisk Analytics Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.45 dividend. This is a boost from Verisk Analytics's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, March 14th. Verisk Analytics's dividend payout ratio (DPR) is presently 26.87%.
Insiders Place Their Bets
In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $295.38, for a total value of $88,614.00. Following the completion of the transaction, the chief financial officer now directly owns 16,665 shares of the company's stock, valued at $4,922,507.70. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction on Monday, April 7th. The stock was sold at an average price of $285.86, for a total transaction of $337,028.94. Following the completion of the transaction, the director now directly owns 13,786 shares of the company's stock, valued at $3,940,865.96. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,837 shares of company stock valued at $1,121,618 in the last three months. Corporate insiders own 0.46% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on VRSK shares. Robert W. Baird increased their price target on shares of Verisk Analytics from $298.00 to $320.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Royal Bank of Canada restated an "outperform" rating and set a $300.00 price objective on shares of Verisk Analytics in a research report on Tuesday, January 7th. Bank of America initiated coverage on shares of Verisk Analytics in a research report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Verisk Analytics from $325.00 to $321.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Finally, Barclays downgraded shares of Verisk Analytics from an "overweight" rating to an "equal weight" rating and set a $310.00 price objective on the stock. in a research report on Friday, January 10th. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $297.40.
Read Our Latest Report on Verisk Analytics
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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