Seven Eight Capital LP Invests $670,000 in Verisk Analytics, Inc. (NASDAQ:VRSK)

Seven Eight Capital LP purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,805 shares of the business services provider’s stock, valued at approximately $670,000.

Other large investors have also recently made changes to their positions in the company. Westpac Banking Corp grew its stake in shares of Verisk Analytics by 94.8% in 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. grew its stake in shares of Verisk Analytics by 10.9% in the fourth quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock worth $82,800,000 after acquiring an additional 34,077 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Verisk Analytics by 225.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock worth $48,993,000 after acquiring an additional 142,088 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Verisk Analytics by 64.2% in the fourth quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock worth $1,966,000 after buying an additional 3,219 shares during the last quarter. Finally, Fenimore Asset Management Inc. boosted its holdings in shares of Verisk Analytics by 421.9% in the fourth 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. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Trading Down 0.2 %

VRSK stock opened at $263.48 on Tuesday. 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, Inc. has a twelve month low of $215.32 and a twelve month high of $264.94. The stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.83. The firm’s fifty day simple moving average is $239.04 and its two-hundred day simple moving average is $239.30.

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 business 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 business posted $1.29 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, June 14th. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

Verisk Analytics declared that its board has approved 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 purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

VRSK has been the topic of a number of research reports. BMO Capital Markets raised their price objective 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. Evercore ISI reissued an “in-line” rating and issued a $250.00 price objective on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $254.31.

Get Our Latest Stock Analysis on Verisk Analytics

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction on 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 owns 51,715 shares in the company, valued at $11,528,824.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Nicholas Daffan sold 1,554 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the transaction, the insider now directly owns 51,715 shares in the company, valued at $11,528,824.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction dated 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 completion of 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. Insiders have sold 9,546 shares of company stock worth $2,232,953 over the last quarter. Insiders own 0.40% of the company’s stock.

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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