Candriam Luxembourg S.C.A. lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 16.3% in the 1st quarter, Holdings Channel reports. The firm owned 11,412 shares of the business services provider’s stock after selling 2,227 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Verisk Analytics were worth $1,518,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of VRSK. Bollard Group LLC bought a new position in Verisk Analytics in the 4th quarter worth approximately $33,000. Executive Wealth Management LLC bought a new position in Verisk Analytics in the 4th quarter worth approximately $33,000. Ropes Wealth Advisors LLC bought a new position in Verisk Analytics in the 1st quarter worth approximately $39,000. Oregon Public Employees Retirement Fund raised its position in Verisk Analytics by 10,289.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,530,830 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4,487,221 shares during the last quarter. Finally, Lavaca Capital LLC raised its position in Verisk Analytics by 789.5% in the 1st quarter. Lavaca Capital LLC now owns 338 shares of the business services provider’s stock worth $45,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
Shares of Verisk Analytics stock opened at $139.32 on Wednesday. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 3.14 and a beta of 0.80. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $143.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03. The company had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $618.14 million. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts forecast that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s payout ratio is 6.08%.
In related news, Director David B. Wright sold 11,250 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $125.27, for a total value of $1,409,287.50. Following the completion of the sale, the director now owns 32,291 shares in the company, valued at approximately $4,045,093.57. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $124.92, for a total transaction of $386,002.80. Following the completion of the sale, the insider now owns 37,127 shares of the company’s stock, valued at approximately $4,637,904.84. The disclosure for this sale can be found here. Insiders have sold a total of 35,139 shares of company stock valued at $4,461,097 in the last quarter. Corporate insiders own 2.71% of the company’s stock.
Several research analysts recently weighed in on VRSK shares. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Robert W. Baird set a $137.00 price objective on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Wednesday, February 20th. UBS Group upped their target price on shares of Verisk Analytics from $100.00 to $106.00 and gave the company a “sell” rating in a research report on Tuesday, March 12th. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank set a $137.00 target price on shares of Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $130.00.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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