Allspring Global Investments Holdings LLC Has $11.28 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Allspring Global Investments Holdings LLC lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 69.3% in the fourth quarter, Holdings Channel reports. The fund owned 47,243 shares of the business services provider’s stock after selling 106,805 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Verisk Analytics were worth $11,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. RFG Advisory LLC lifted its holdings in shares of Verisk Analytics by 3.2% in the fourth quarter. RFG Advisory LLC now owns 2,619 shares of the business services provider’s stock worth $626,000 after acquiring an additional 81 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Verisk Analytics by 9,061.6% in the fourth quarter. International Assets Investment Management LLC now owns 26,752 shares of the business services provider’s stock worth $6,390,000 after acquiring an additional 26,460 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Verisk Analytics in the fourth quarter worth about $8,365,000. Meeder Advisory Services Inc. lifted its holdings in shares of Verisk Analytics by 5.7% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,368 shares of the business services provider’s stock worth $566,000 after acquiring an additional 128 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Verisk Analytics by 2.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,388 shares of the business services provider’s stock valued at $4,631,000 after buying an additional 400 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In other news, insider Kathy Card Beckles sold 227 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Kathy Card Beckles sold 227 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicholas Daffan sold 1,507 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the sale, the insider now directly owns 50,208 shares of the company’s stock, valued at approximately $12,514,344. The disclosure for this sale can be found here. Insiders sold a total of 11,300 shares of company stock valued at $2,647,952 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Stock Down 0.0 %

Verisk Analytics stock opened at $222.10 on Wednesday. The company has a debt-to-equity ratio of 8.85, a quick ratio of 1.05 and a current ratio of 1.05. Verisk Analytics, Inc. has a 52-week low of $187.86 and a 52-week high of $251.98. The firm has a 50 day moving average price of $236.86 and a two-hundred day moving average price of $237.46. The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 2.77 and a beta of 0.78.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The firm had revenue of $677.20 million for the quarter, compared to the consensus estimate of $673.56 million. During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Verisk Analytics, Inc. will post 6.48 EPS for the current year.

Verisk Analytics announced that its board has initiated a stock repurchase plan on Wednesday, February 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Verisk Analytics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.39 per share. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Verisk Analytics’s dividend payout ratio (DPR) is 37.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VRSK shares. Evercore ISI reiterated an “in-line” rating and issued a $250.00 price objective on shares of Verisk Analytics in a report on Tuesday, March 26th. Bank of America lowered shares of Verisk Analytics from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $270.00 to $260.00 in a report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $252.00.

Verisk Analytics Company Profile

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.