Fmr LLC raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,618,971 shares of the business services provider’s stock after buying an additional 283,653 shares during the period. Fmr LLC owned about 3.27% of Verisk Analytics worth $1,237,700,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its position in Verisk Analytics by 899.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock valued at $2,913,000 after acquiring an additional 10,726 shares during the last quarter. KBC Group NV grew its holdings in shares of Verisk Analytics by 15.3% in the third quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock worth $9,622,000 after purchasing an additional 4,767 shares during the last quarter. CIBC Asset Management Inc increased its stake in Verisk Analytics by 5.7% in the 3rd quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider’s stock worth $11,868,000 after buying an additional 2,374 shares during the period. Diversified Trust Co bought a new stake in Verisk Analytics during the 2nd quarter valued at about $1,325,000. Finally, OFI Invest Asset Management boosted its position in Verisk Analytics by 2,181.7% in the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after buying an additional 2,749 shares during the period. Institutional investors own 90.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Robert W. Baird upped their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Barclays upped their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. BMO Capital Markets upped their target price on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their target price on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.80.
Insider Activity
In other news, CEO Lee Shavel sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $286,490.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $57,298.00. Following the completion of the transaction, the chief financial officer now directly owns 15,608 shares in the company, valued at $4,471,535.92. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,400 shares of company stock valued at $678,764. Company insiders own 0.40% of the company’s stock.
Verisk Analytics Trading Up 1.1 %
Verisk Analytics stock opened at $294.75 on Wednesday. The stock has a 50-day moving average of $273.66 and a two-hundred day moving average of $269.24. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.10. The stock has a market cap of $41.62 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 3.65 and a beta of 0.86.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is presently 24.34%.
About Verisk Analytics
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.
Featured Articles
- Five stocks we like better than Verisk Analytics
- What Makes a Stock a Good Dividend Stock?
- Cerence Up 155% in 2 Days: SoundHound AI’s Fierce Competitor
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Why Warren Buffett Is Selling: A Look at His Latest Market Moves
- What is a buyback in stocks? A comprehensive guide for investors
- Why Amazon Shares May Never Trade Below $200 Again
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report).
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.