Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 626.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,191 shares of the business services provider’s stock after acquiring an additional 13,963 shares during the quarter. 1832 Asset Management L.P.’s holdings in Verisk Analytics were worth $3,867,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in VRSK. Norges Bank purchased a new stake in shares of Verisk Analytics in the fourth quarter valued at about $374,530,000. Franklin Resources Inc. lifted its stake in Verisk Analytics by 90.5% in the 4th quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock valued at $272,663,000 after buying an additional 542,432 shares in the last quarter. TD Asset Management Inc lifted its stake in Verisk Analytics by 45.8% in the 4th 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Verisk Analytics by 21.4% during the 3rd 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 last quarter. Finally, FMR LLC raised its holdings in shares of Verisk Analytics by 3.8% in the third quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock worth $1,164,626,000 after acquiring an additional 182,631 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Verisk Analytics

In related news, insider Nicholas Daffan sold 1,554 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $222.93, for a total value of $346,433.22. Following the sale, the insider now owns 51,715 shares of the company’s stock, valued at approximately $11,528,824.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daffan sold 1,554 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $222.93, for a total transaction of $346,433.22. Following the transaction, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. 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 ninety days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VRSK shares. BMO Capital Markets increased their price objective 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 target on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $254.31.

Get Our Latest Research Report on VRSK

Verisk Analytics Trading Up 1.5 %

Shares of VRSK opened at $264.00 on Friday. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $264.14. The stock’s 50-day moving average is $238.43 and its two-hundred day moving average is $239.14. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $37.67 billion, a PE ratio of 49.25, a P/E/G ratio of 3.23 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last posted its quarterly earnings data 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 net margin of 28.45% and a return on equity of 268.19%. The company had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the prior year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts forecast that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics announced that its board has approved a share buyback program on Wednesday, February 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Verisk Analytics Announces Dividend

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

Featured Articles

Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSKFree Report).

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

Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.