UMB Bank n.a. Grows Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

UMB Bank n.a. increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,244 shares of the business services provider’s stock after buying an additional 143 shares during the quarter. UMB Bank n.a.’s holdings in Verisk Analytics were worth $2,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fenimore Asset Management Inc. grew its stake in Verisk Analytics by 421.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after buying an additional 60,957 shares during the last quarter. State of Michigan Retirement System lifted its position in Verisk Analytics by 1.9% during the 4th quarter. State of Michigan Retirement System now owns 43,056 shares of the business services provider’s stock worth $10,284,000 after acquiring an additional 800 shares during the period. Norris Perne & French LLP MI lifted its position in Verisk Analytics by 0.3% during the 4th quarter. Norris Perne & French LLP MI now owns 82,491 shares of the business services provider’s stock worth $19,704,000 after acquiring an additional 245 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its position in Verisk Analytics by 12.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,066 shares of the business services provider’s stock worth $255,000 after acquiring an additional 119 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd lifted its position in Verisk Analytics by 9.1% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 1,407 shares of the business services provider’s stock worth $336,000 after acquiring an additional 117 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRSK. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $253.00 price objective (up from $252.00) on shares of Verisk Analytics in a research report on Friday, December 8th. Evercore ISI reaffirmed an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a research report on Tuesday, March 26th. Finally, Bank of America cut Verisk Analytics from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $270.00 to $260.00 in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics has an average rating of “Hold” and an average price target of $252.00.

Check Out Our Latest Research Report on Verisk Analytics

Insider Activity

In other news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total value of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares of the company’s stock, valued at $1,852,407.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total value of $53,937.47. Following the transaction, the insider now owns 7,796 shares in the company, valued at $1,852,407.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,278 shares of company stock valued at $2,662,515 over the last quarter. Company insiders own 1.31% of the company’s stock.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $231.01 on Thursday. The company has a debt-to-equity ratio of 8.85, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $240.53 and a 200 day moving average price of $238.57. The stock has a market cap of $33.12 billion, a PE ratio of 54.87, a P/E/G ratio of 2.89 and a beta of 0.78. Verisk Analytics, Inc. has a 1 year low of $186.96 and a 1 year high of $251.98.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.04). The company had revenue of $677.20 million for the quarter, compared to analysts’ expectations of $673.56 million. Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 6.48 earnings per share for the current fiscal year.

Verisk Analytics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.39 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.34. Verisk Analytics’s payout ratio is currently 37.05%.

Verisk Analytics declared that its Board of Directors has approved a share buyback program on Wednesday, February 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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

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:VRSKFree Report).

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

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