Crestmont Private Wealth LLC Grows Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Crestmont Private Wealth LLC boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 15.8% during the first quarter, Holdings Channel.com reports. The firm owned 1,598 shares of the business services provider’s stock after acquiring an additional 218 shares during the period. Crestmont Private Wealth LLC’s holdings in Verisk Analytics were worth $377,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gulf International Bank UK Ltd increased its position in Verisk Analytics by 0.3% during the first quarter. Gulf International Bank UK Ltd now owns 26,263 shares of the business services provider’s stock valued at $6,190,000 after acquiring an additional 78 shares during the last quarter. Wedmont Private Capital grew its holdings in Verisk Analytics by 3.4% during the 1st quarter. Wedmont Private Capital now owns 1,860 shares of the business services provider’s stock worth $427,000 after acquiring an additional 62 shares in the last quarter. Czech National Bank grew its holdings in Verisk Analytics by 0.4% during the 1st quarter. Czech National Bank now owns 25,510 shares of the business services provider’s stock worth $6,013,000 after acquiring an additional 110 shares in the last quarter. Alaska Permanent Fund Corp bought a new position in Verisk Analytics during the 1st quarter worth about $105,000. Finally, Westwind Capital lifted its position in shares of Verisk Analytics by 2.8% during the first quarter. Westwind Capital now owns 48,860 shares of the business services provider’s stock valued at $11,519,000 after buying an additional 1,342 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ:VRSK traded up $2.23 during midday trading on Friday, hitting $270.32. The company’s stock had a trading volume of 1,550,276 shares, compared to its average volume of 700,601. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $270.71. The firm’s 50 day moving average is $246.12 and its 200-day moving average is $240.96. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $38.57 billion, a P/E ratio of 50.43, a P/E/G ratio of 3.33 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.11. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. Verisk Analytics’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, June 14th. Verisk Analytics’s payout ratio is presently 29.10%.

Wall Street Analyst Weigh In

Several analysts have commented on VRSK shares. BMO Capital Markets increased their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI reissued an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $254.31.

Check Out Our Latest Research Report on Verisk Analytics

Insider Buying and Selling

In other Verisk Analytics news, 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 transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Verisk Analytics news, 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 transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,554 shares of Verisk Analytics stock in a transaction on Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the sale, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,746 shares of company stock valued at $2,285,415. 0.40% of the stock is owned by corporate insiders.

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

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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