Franklin Resources Inc. Grows Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Franklin Resources Inc. raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 90.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,141,516 shares of the business services provider’s stock after acquiring an additional 542,432 shares during the period. Franklin Resources Inc. owned approximately 0.79% of Verisk Analytics worth $272,663,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Verisk Analytics by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock valued at $1,777,279,000 after purchasing an additional 392,945 shares in the last quarter. FMR LLC lifted its holdings in shares of Verisk Analytics by 3.8% during the third quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after purchasing an additional 182,631 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Verisk Analytics by 5.7% during the third quarter. Northern Trust Corp now owns 1,661,558 shares of the business services provider’s stock valued at $392,526,000 after purchasing an additional 89,920 shares in the last quarter. Norges Bank bought a new position in shares of Verisk Analytics during the fourth quarter valued at $374,530,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Verisk Analytics by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after purchasing an additional 211,032 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Kathy Card Beckles sold 227 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the sale, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kathy Card Beckles sold 227 shares of the firm’s 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 sale, the insider now directly owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,304 shares of company stock worth $2,648,390. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Stock Up 0.7 %

NASDAQ:VRSK traded up $1.79 during mid-day trading on Wednesday, hitting $253.29. 135,103 shares of the company’s stock traded hands, compared to its average volume of 868,829. The company has a fifty day moving average of $233.45 and a 200 day moving average of $237.58. Verisk Analytics, Inc. has a twelve month low of $214.67 and a twelve month high of $254.08. The company has a market capitalization of $36.14 billion, a P/E ratio of 46.92, a P/E/G ratio of 3.08 and a beta of 0.79. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. On average, analysts forecast that Verisk Analytics, Inc. will post 6.53 EPS for the current year.

Verisk Analytics announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Analyst Ratings Changes

Several research analysts have issued reports on VRSK shares. Evercore ISI reissued an “in-line” rating and issued a $250.00 target price on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets raised their target price on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. 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 presently has an average rating of “Hold” and an average price target of $254.31.

Get Our Latest Stock Analysis 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.

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

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