Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,872 shares of the business services provider’s stock after selling 3,394 shares during the quarter. Bank of Nova Scotia’s holdings in Verisk Analytics were worth $4,746,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRSK. CVA Family Office LLC purchased a new position in Verisk Analytics in the 4th quarter valued at about $30,000. Frazier Financial Advisors LLC purchased a new position in shares of Verisk Analytics during the fourth quarter valued at approximately $32,000. DSM Capital Partners LLC acquired a new stake in Verisk Analytics during the fourth quarter worth approximately $33,000. Global Retirement Partners LLC grew its stake in Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after acquiring an additional 49 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in Verisk Analytics by 506.5% in the 3rd quarter. Manchester Capital Management LLC now owns 188 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on VRSK

Verisk Analytics Stock Up 1.8 %

VRSK stock opened at $258.25 on Wednesday. The stock has a market cap of $36.85 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83. The firm’s 50-day simple moving average is $236.83 and its 200 day simple moving average is $238.66. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $258.47. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, June 14th. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Verisk Analytics declared that its Board of Directors has initiated a share buyback program on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now directly owns 52,500 shares in the company, valued at $13,066,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,481 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,077 shares of company stock worth $2,594,452 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

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

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