OLD National Bancorp IN bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the first quarter, HoldingsChannel reports. The fund bought 2,938 shares of the business services provider’s stock, valued at approximately $391,000.
A number of other large investors have also recently added to or reduced their stakes in VRSK. Bollard Group LLC acquired a new stake in Verisk Analytics during the 4th quarter valued at approximately $33,000. Executive Wealth Management LLC acquired a new stake in Verisk Analytics during the 4th quarter valued at approximately $33,000. Ropes Wealth Advisors LLC acquired a new stake in Verisk Analytics during the 1st quarter valued at approximately $39,000. Oregon Public Employees Retirement Fund grew its position in shares of Verisk Analytics by 10,289.7% during 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 buying an additional 4,487,221 shares during the period. Finally, Lavaca Capital LLC grew its position in shares of Verisk Analytics by 789.5% during the 1st quarter. Lavaca Capital LLC now owns 338 shares of the business services provider’s stock worth $45,000 after buying an additional 300 shares during the period. 92.55% of the stock is owned by institutional investors and hedge funds.
In related news, insider Vincent De P. Mccarthy sold 3,090 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $124.92, for a total value of $386,002.80. Following the transaction, the insider now directly owns 37,127 shares in the company, valued at approximately $4,637,904.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,091 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $137.34, for a total value of $424,517.94. Following the completion of the transaction, the insider now owns 36,441 shares in the company, valued at $5,004,806.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,139 shares of company stock worth $4,461,097. 2.71% of the stock is owned by company insiders.
Shares of VRSK stock opened at $139.32 on Thursday. The company has a market cap of $23.04 billion, a PE ratio of 33.90, a P/E/G ratio of 3.09 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The company had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $618.14 million. During the same period last year, the business earned $0.94 EPS. Verisk Analytics’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 6.08%.
Several brokerages have recently commented on VRSK. Barclays reaffirmed a “buy” rating and set a $155.00 price objective on shares of Verisk Analytics in a research report on Sunday, May 5th. Zacks Investment Research downgraded shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. UBS Group raised their price objective on shares of Verisk Analytics from $100.00 to $106.00 and gave the stock a “sell” rating in a research report on Tuesday, March 12th. SunTrust Banks raised their price objective on shares of Verisk Analytics to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Finally, 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $130.00.
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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.
Further Reading: Fundamental Analysis and Individual Investors
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:VRSK).
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