Cetera Advisor Networks LLC Purchases 595 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Cetera Advisor Networks LLC increased its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,559 shares of the business services provider’s stock after buying an additional 595 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Verisk Analytics were worth $7,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Verisk Analytics by 3.8% during the third quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after buying an additional 182,631 shares during the period. Northern Trust Corp increased its stake in shares of Verisk Analytics by 5.7% during the third quarter. Northern Trust Corp now owns 1,661,558 shares of the business services provider’s stock valued at $392,526,000 after buying an additional 89,920 shares during the period. Norges Bank purchased a new position in shares of Verisk Analytics during the fourth quarter valued at approximately $374,530,000. TD Asset Management Inc increased its stake in shares of Verisk Analytics by 45.8% during the fourth quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock valued at $320,722,000 after buying an additional 422,002 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Verisk Analytics by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after buying an additional 211,032 shares during the period. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Up 1.5 %

Shares of NASDAQ:VRSK opened at $264.00 on Friday. The company has a market cap of $37.67 billion, a P/E ratio of 49.25, a PEG ratio of 3.23 and a beta of 0.83. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $264.14. The stock’s fifty day moving average price is $238.43 and its 200-day moving average price is $239.14.

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

Verisk Analytics declared that its board has approved a stock repurchase 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 buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, June 14th. Verisk Analytics’s payout ratio is currently 29.10%.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 1,531 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $236.12, for a total value of $361,499.72. Following the transaction, the insider now owns 50,973 shares of the company’s stock, valued at $12,035,744.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Verisk Analytics news, CAO David J. Grover sold 6,481 shares of the 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 transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daffan sold 1,531 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $236.12, for a total value of $361,499.72. Following the completion of the transaction, the insider now directly owns 50,973 shares in the company, valued at approximately $12,035,744.76. The disclosure for this sale can be found here. Insiders have sold a total of 11,077 shares of company stock valued at $2,594,452 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. BMO Capital Markets upped their price target on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $254.31.

Get Our Latest Research Report on VRSK

Verisk Analytics 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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