Gulf International Bank UK Ltd increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 0.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 26,263 shares of the business services provider’s stock after acquiring an additional 78 shares during the period. Gulf International Bank UK Ltd’s holdings in Verisk Analytics were worth $6,190,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp increased its holdings in Verisk Analytics by 94.8% during the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after purchasing an additional 605 shares during the period. Federated Hermes Inc. increased its holdings in Verisk Analytics by 10.9% during the 4th quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock worth $82,800,000 after purchasing an additional 34,077 shares during the period. Epoch Investment Partners Inc. increased its holdings in Verisk Analytics by 225.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock worth $48,993,000 after purchasing an additional 142,088 shares during the period. Pinebridge Investments L.P. increased its holdings in Verisk Analytics by 64.2% during the 4th quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock worth $1,966,000 after purchasing an additional 3,219 shares during the period. Finally, Fenimore Asset Management Inc. increased its holdings in Verisk Analytics by 421.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after purchasing an additional 60,957 shares during the period. 90.00% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on VRSK shares. BMO Capital Markets lifted their price target on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Evercore ISI reiterated an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $254.31.
Get Our Latest Report on Verisk Analytics
Verisk Analytics Stock Up 0.8 %
Shares of VRSK stock opened at $270.32 on Friday. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $270.71. The stock’s fifty day moving average price is $246.12 and its 200 day moving average price is $240.96. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $38.57 billion, a price-to-earnings ratio of 50.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.83.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The company had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts expect that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.
Verisk Analytics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. Verisk Analytics’s dividend payout ratio is currently 29.10%.
Insiders Place Their Bets
In other news, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,746 shares of company stock valued at $2,285,415. 0.40% of the stock is owned by company 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.
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