Shell Asset Management Co. Has $1.34 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Shell Asset Management Co. boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 280.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,603 shares of the business services provider’s stock after buying an additional 4,132 shares during the period. Shell Asset Management Co.’s holdings in Verisk Analytics were worth $1,338,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Verisk Analytics by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 21,219 shares of the business services provider’s stock worth $5,013,000 after acquiring an additional 706 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Verisk Analytics in the 3rd quarter worth $499,000. Aptus Capital Advisors LLC bought a new stake in shares of Verisk Analytics in the 3rd quarter worth $251,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Verisk Analytics by 1.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 93,684 shares of the business services provider’s stock worth $22,132,000 after acquiring an additional 1,781 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Verisk Analytics by 9.8% in the 3rd quarter. UBS Group AG now owns 232,991 shares of the business services provider’s stock worth $55,042,000 after acquiring an additional 20,837 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In related news, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 valued at $2,232,953 over the last three months. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Trading Down 0.2 %

Shares of Verisk Analytics stock opened at $263.48 on Tuesday. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $264.94. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 3.28 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. The company’s 50-day moving average price is $239.04 and its 200-day moving average price is $239.30.

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, topping 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 net margin of 28.45% and a return on equity of 268.19%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, equities analysts expect that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Verisk Analytics Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on VRSK shares. 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 research note on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine investment 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 target price of $254.31.

View Our Latest Report on VRSK

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.

Further Reading

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

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