Maryland State Retirement & Pension System Grows Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Maryland State Retirement & Pension System boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,198 shares of the business services provider’s stock after acquiring an additional 303 shares during the period. Maryland State Retirement & Pension System’s holdings in Verisk Analytics were worth $2,479,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VRSK. CVA Family Office LLC purchased a new position in Verisk Analytics in the 4th quarter worth $30,000. Frazier Financial Advisors LLC purchased a new stake in Verisk Analytics in the fourth quarter worth $32,000. DSM Capital Partners LLC purchased a new position in Verisk Analytics during the 4th quarter valued at $33,000. Global Retirement Partners LLC lifted its position in shares of Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of Verisk Analytics during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other news, insider Nicholas Daffan sold 1,554 shares of the business’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 sale, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Nicholas Daffan sold 1,554 shares of Verisk Analytics 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 completion of the transaction, the insider now directly owns 51,715 shares of the company’s stock, valued at approximately $11,528,824.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares in the company, valued at approximately $4,356,444.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,265 shares of company stock valued at $774,953. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of a number of recent research reports. Evercore ISI lifted their price target on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. BMO Capital Markets boosted 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $255.08.

Read Our Latest Report on VRSK

Verisk Analytics Stock Up 0.4 %

Shares of VRSK stock opened at $274.45 on Friday. The company has a market capitalization of $39.16 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 3.40 and a beta of 0.84. 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 company’s fifty day moving average price is $255.95 and its 200-day moving average price is $243.29. Verisk Analytics, Inc. has a one year low of $215.32 and a one year high of $275.08.

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

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Saturday, June 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

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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