Mirae Asset Global Investments Co. Ltd. Has $39.29 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Mirae Asset Global Investments Co. Ltd. boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,688 shares of the business services provider’s stock after acquiring an additional 10,647 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Verisk Analytics worth $39,293,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Westpac Banking Corp lifted its holdings in shares of Verisk Analytics by 94.8% in the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after purchasing an additional 605 shares in the last quarter. Federated Hermes Inc. raised its holdings in Verisk Analytics by 10.9% during the fourth quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock worth $82,800,000 after buying an additional 34,077 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Verisk Analytics by 225.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock worth $48,993,000 after buying an additional 142,088 shares during the last quarter. Pinebridge Investments L.P. lifted its stake 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 valued at $1,966,000 after buying an additional 3,219 shares in the last quarter. Finally, Fenimore Asset Management Inc. grew its holdings in shares of Verisk Analytics by 421.9% during the fourth quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock valued at $18,011,000 after buying an additional 60,957 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity

In related news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction dated 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 directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the sale, the chief financial officer now owns 16,608 shares in the company, valued at $4,356,444.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $346,433.22. Following the sale, the insider now owns 51,715 shares in the company, valued at $11,528,824.95. The disclosure for this sale can be found here. Insiders have sold 3,265 shares of company stock valued at $774,953 in the last 90 days. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. 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. Evercore ISI increased their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $255.08.

Check Out Our Latest Stock Report on Verisk Analytics

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $274.45 on Friday. The company has a market capitalization of $39.16 billion, a PE ratio of 51.20, a price-to-earnings-growth ratio of 3.41 and a beta of 0.84. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $275.08. The company has a 50-day simple moving average of $255.95 and a 200 day simple moving average of $243.35.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last issued its quarterly 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 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 analyst estimates of $699.07 million. During the same quarter last year, the business posted $1.29 EPS. Verisk Analytics’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts predict that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Saturday, June 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio is presently 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.

See Also

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

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