Advisory Services Network LLC Sells 1,503 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Advisory Services Network LLC decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,132 shares of the business services provider’s stock after selling 1,503 shares during the quarter. Advisory Services Network LLC’s holdings in Verisk Analytics were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westpac Banking Corp raised 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 valued at $297,000 after acquiring an additional 605 shares during the period. Federated Hermes Inc. raised 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 valued at $82,800,000 after acquiring an additional 34,077 shares during the period. Fenimore Asset Management Inc. grew its position in shares of 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 valued at $18,011,000 after purchasing an additional 60,957 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Verisk Analytics by 23.1% during the 4th quarter. Teacher Retirement System of Texas now owns 41,041 shares of the business services provider’s stock valued at $9,803,000 after purchasing an additional 7,692 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Verisk Analytics by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 522,386 shares of the business services provider’s stock valued at $124,777,000 after purchasing an additional 28,008 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Activity

In other news, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction 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 $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO David J. Grover sold 6,481 shares of the 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 $2,829,348.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathy Card Beckles sold 227 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the transaction, the insider now directly owns 7,796 shares of the company’s stock, valued at $1,852,407.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,304 shares of company stock valued at $2,648,390. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Evercore ISI restated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $254.31.

Read Our Latest Stock Analysis on Verisk Analytics

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $252.78 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The company has a market capitalization of $36.07 billion, a PE ratio of 47.16, a P/E/G ratio of 3.10 and a beta of 0.79. The firm has a fifty day simple moving average of $235.85 and a two-hundred day simple moving average of $238.40. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $254.14.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.11. The business had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Research analysts expect that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics declared that its board has initiated a share buyback program on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, June 14th. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

About Verisk Analytics

(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.

See Also

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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