Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,920 shares of the business services provider’s stock after selling 2,599 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Verisk Analytics worth $23,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp raised its position in Verisk Analytics by 94.8% during the fourth quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after acquiring an additional 605 shares during the period. Federated Hermes Inc. lifted its stake in Verisk Analytics by 10.9% in the 4th quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after buying an additional 34,077 shares in the last quarter. Fenimore Asset Management Inc. boosted its holdings in Verisk Analytics by 421.9% in the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after buying an additional 60,957 shares during the last quarter. Teacher Retirement System of Texas increased its stake in 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 worth $9,803,000 after buying an additional 7,692 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Verisk Analytics by 5.7% during the fourth quarter. Mackenzie Financial Corp now owns 522,386 shares of the business services provider’s stock valued at $124,777,000 after acquiring an additional 28,008 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VRSK. Evercore ISI reiterated 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 upped their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $254.31.

Read Our Latest Research Report on VRSK

Insider Activity

In other news, insider Nicholas Daffan sold 1,531 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $236.12, for a total value of $361,499.72. Following the transaction, the insider now directly owns 50,973 shares in the company, valued at approximately $12,035,744.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Verisk Analytics news, insider Nicholas Daffan sold 1,531 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $236.12, for a total transaction of $361,499.72. Following the transaction, the insider now directly owns 50,973 shares in the company, valued at $12,035,744.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction on 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 in the company, valued at $2,829,348.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,077 shares of company stock valued at $2,594,452. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Up 1.5 %

Shares of NASDAQ VRSK opened at $264.00 on Friday. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $264.14. The company has a market capitalization of $37.67 billion, a P/E ratio of 49.25, a P/E/G ratio of 3.28 and a beta of 0.83. The company has a 50 day simple moving average of $238.43 and a 200-day simple moving average of $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.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS 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 the consensus estimate of $699.07 million. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 yield of 0.59%. The ex-dividend date of this dividend is Friday, June 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

Verisk Analytics announced that its Board of Directors has initiated a stock repurchase plan 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 plans are usually an indication that the company’s management believes its shares are undervalued.

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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