Yousif Capital Management LLC increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,331 shares of the business services provider’s stock after buying an additional 2,304 shares during the quarter. Yousif Capital Management LLC’s holdings in Verisk Analytics were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in VRSK. Raymond James Trust N.A. lifted its position in Verisk Analytics by 34.7% during the first quarter. Raymond James Trust N.A. now owns 4,224 shares of the business services provider’s stock worth $907,000 after buying an additional 1,089 shares during the period. Cibc World Market Inc. lifted its position in Verisk Analytics by 3.2% during the first quarter. Cibc World Market Inc. now owns 22,860 shares of the business services provider’s stock worth $4,906,000 after buying an additional 716 shares during the period. Prudential PLC purchased a new position in Verisk Analytics during the first quarter worth about $636,000. National Pension Service lifted its position in Verisk Analytics by 0.6% during the first quarter. National Pension Service now owns 195,526 shares of the business services provider’s stock worth $41,966,000 after buying an additional 1,093 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its position in Verisk Analytics by 14.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 9,781 shares of the business services provider’s stock worth $2,099,000 after buying an additional 1,232 shares during the period. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Verisk Analytics
In other news, Director Christopher M. Foskett sold 6,733 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $180.00, for a total value of $1,211,940.00. Following the completion of the transaction, the director now owns 20,327 shares in the company, valued at approximately $3,658,860. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Verisk Analytics news, Director David B. Wright sold 4,912 shares of Verisk Analytics stock in a transaction on Monday, March 13th. The stock was sold at an average price of $182.37, for a total transaction of $895,801.44. Following the sale, the director now owns 14,909 shares of the company’s stock, valued at approximately $2,718,954.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher M. Foskett sold 6,733 shares of Verisk Analytics stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $180.00, for a total value of $1,211,940.00. Following the sale, the director now directly owns 20,327 shares in the company, valued at approximately $3,658,860. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,752 shares of company stock worth $2,127,210. 1.78% of the stock is currently owned by corporate insiders.
Verisk Analytics Price Performance
Verisk Analytics (NASDAQ:VRSK – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The business services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.26. Verisk Analytics had a return on equity of 41.53% and a net margin of 32.92%. The firm had revenue of $630.40 million during the quarter, compared to analyst estimates of $615.30 million. During the same quarter last year, the firm earned $1.47 EPS. Verisk Analytics’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts expect that Verisk Analytics, Inc. will post 5.43 earnings per share for the current fiscal year.
Verisk Analytics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a $0.34 dividend. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 0.76%. Verisk Analytics’s dividend payout ratio (DPR) is presently 22.82%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on VRSK shares. JPMorgan Chase & Co. increased their target price on Verisk Analytics from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. Raymond James raised their price objective on Verisk Analytics from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, March 2nd. Credit Suisse Group raised their price objective on Verisk Analytics from $165.00 to $187.00 and gave the stock a “neutral” rating in a report on Monday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $210.00 target price on shares of Verisk Analytics in a report on Wednesday. Finally, Barclays raised their target price on Verisk Analytics from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.09.
About Verisk Analytics
Verisk Analytics, Inc engages in the provision of data analytics services. It serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance. The company was founded in 1971 and is headquartered in Jersey City, NJ.
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