UMB Bank n.a. increased its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,074 shares of the business services provider’s stock after buying an additional 83 shares during the quarter. UMB Bank n.a.’s holdings in Verisk Analytics were worth $2,499,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. FMR LLC raised its position in Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after acquiring an additional 283,653 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after purchasing an additional 111,364 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Verisk Analytics by 6.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after purchasing an additional 78,376 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Verisk Analytics by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock valued at $214,676,000 after purchasing an additional 8,262 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Verisk Analytics by 46.7% during the third quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock worth $164,750,000 after buying an additional 195,700 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
Analyst Upgrades and Downgrades
VRSK has been the topic of several research reports. Morgan Stanley upped their price target on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price for the company. in a report on Friday, January 10th. Evercore ISI reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Robert W. Baird boosted their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $293.11.
Verisk Analytics Price Performance
Shares of VRSK opened at $278.55 on Tuesday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 43.46, a P/E/G ratio of 3.08 and a beta of 0.88. The business’s 50-day moving average is $282.19 and its 200-day moving average is $274.80. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.58.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio is 24.34%.
Insider Activity at Verisk Analytics
In related news, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the completion of the sale, the chief executive officer now directly owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total transaction of $321,642.99. Following the completion of the transaction, the director now owns 13,786 shares in the company, valued at $3,760,958.66. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,379 shares of company stock valued at $946,141. Corporate insiders own 0.40% of the company’s stock.
Verisk Analytics Company Profile
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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