Tobam Raises Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Tobam increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 45.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 926 shares of the business services provider’s stock after purchasing an additional 288 shares during the quarter. Tobam’s holdings in Verisk Analytics were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Verisk Analytics by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after purchasing an additional 170,620 shares during the period. Norges Bank bought a new stake in Verisk Analytics in the 4th quarter worth $374,530,000. TD Asset Management Inc grew its holdings in Verisk Analytics by 45.8% in the 4th quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock worth $320,722,000 after acquiring an additional 422,002 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Verisk Analytics by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock worth $282,418,000 after acquiring an additional 211,032 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Verisk Analytics by 90.5% in the 4th quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock worth $272,663,000 after acquiring an additional 542,432 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VRSK shares. BMO Capital Markets raised their price target 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 lifted their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics has an average rating of “Hold” and a consensus target price of $255.08.

Get Our Latest Analysis on Verisk Analytics

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the company’s stock in a transaction that occurred 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 completion of 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 accessible through the SEC website. In related news, 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 transaction of $52,462.00. Following the sale, the chief financial officer now owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicholas Daffan sold 1,554 shares of the 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 completion of the sale, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,265 shares of company stock worth $774,953. 0.40% of the stock is owned by company insiders.

Verisk Analytics Stock Down 0.2 %

Verisk Analytics stock traded down $0.45 during trading hours on Monday, hitting $274.00. The stock had a trading volume of 6,015 shares, compared to its average volume of 848,664. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of $39.09 billion, a P/E ratio of 51.20, a price-to-earnings-growth ratio of 3.41 and a beta of 0.84. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $275.92. The stock’s 50-day moving average price is $255.95 and its 200-day moving average price is $243.42.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating 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 firm had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

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

About Verisk Analytics

(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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