Verdence Capital Advisors LLC Has $1.35 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Verdence Capital Advisors LLC lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,634 shares of the business services provider’s stock after purchasing an additional 1,580 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Verisk Analytics were worth $1,346,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Verisk Analytics by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock worth $1,777,279,000 after buying an additional 392,945 shares during the period. FMR LLC boosted its holdings in shares of Verisk Analytics by 3.8% during the 3rd quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock worth $1,164,626,000 after buying an additional 182,631 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Verisk Analytics by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 3,821,265 shares of the business services provider’s stock worth $731,736,000 after buying an additional 49,928 shares during the period. Morgan Stanley boosted its holdings in shares of Verisk Analytics by 248.2% during the 4th quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock worth $664,346,000 after buying an additional 2,684,234 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Verisk Analytics by 1,404.8% during the 3rd quarter. Citigroup Inc. now owns 1,992,727 shares of the business services provider’s stock worth $470,762,000 after buying an additional 1,860,298 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.4 %

Verisk Analytics stock traded down $0.81 during midday trading on Friday, hitting $222.52. 714,317 shares of the stock were exchanged, compared to its average volume of 927,408. The company has a fifty day simple moving average of $235.22 and a two-hundred day simple moving average of $237.18. Verisk Analytics, Inc. has a 52 week low of $187.86 and a 52 week high of $251.98. The stock has a market capitalization of $31.76 billion, a PE ratio of 52.86, a P/E/G ratio of 2.77 and a beta of 0.78. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 8.85.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings data 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). Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The firm had revenue of $677.20 million for the quarter, compared to the consensus estimate of $673.56 million. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.48 EPS for the current fiscal year.

Verisk Analytics announced that its board has initiated a share buyback plan on Wednesday, February 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Verisk Analytics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.34. Verisk Analytics’s payout ratio is presently 37.05%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $249.25, for a total value of $375,619.75. Following the transaction, the insider now owns 50,208 shares of the company’s stock, valued at $12,514,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $249.25, for a total value of $375,619.75. Following the sale, the insider now directly owns 50,208 shares in the company, valued at $12,514,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares in the company, valued at $1,852,407.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,300 shares of company stock valued at $2,647,952. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on VRSK shares. Evercore ISI reaffirmed an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a report on Tuesday, March 26th. Bank of America downgraded shares of Verisk Analytics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $270.00 to $260.00 in a report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics has a consensus rating of “Hold” and an average price target of $252.00.

Get Our Latest Research Report on Verisk Analytics

Verisk Analytics Company 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.

Further Reading

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

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