Janney Montgomery Scott LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.1% in the first quarter, Holdings Channel reports. The institutional investor owned 10,416 shares of the business services provider’s stock after acquiring an additional 505 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Verisk Analytics were worth $1,385,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Legal & General Group Plc increased its stake in Verisk Analytics by 10.3% during the fourth quarter. Legal & General Group Plc now owns 848,106 shares of the business services provider’s stock valued at $92,451,000 after purchasing an additional 79,434 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Verisk Analytics by 1.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 506,833 shares of the business services provider’s stock valued at $55,265,000 after purchasing an additional 9,115 shares during the last quarter. Linscomb & Williams Inc. bought a new stake in Verisk Analytics during the fourth quarter valued at $2,706,000. Machina Capital S.A.S. bought a new stake in Verisk Analytics during the fourth quarter valued at $417,000. Finally, DNB Asset Management AS increased its stake in Verisk Analytics by 9.1% during the fourth quarter. DNB Asset Management AS now owns 24,507 shares of the business services provider’s stock valued at $2,672,000 after purchasing an additional 2,034 shares during the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.
Shares of Verisk Analytics stock opened at $139.32 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.13. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $143.67. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, hitting the consensus estimate of $1.03. The firm had revenue of $625.00 million for 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%. Verisk Analytics’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, analysts predict that Verisk Analytics, Inc. will post 4.42 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s payout ratio is presently 6.08%.
Several brokerages have recently issued reports on VRSK. Barclays reissued a “buy” rating and set a $155.00 price target on shares of Verisk Analytics in a report on Sunday, May 5th. Morgan Stanley set a $132.00 price target on shares of Verisk Analytics and gave the company a “hold” rating in a report on Thursday, May 2nd. SunTrust Banks boosted their price target on shares of Verisk Analytics to $150.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. UBS Group boosted their price target on shares of Verisk Analytics from $111.00 to $119.00 and gave the company a “sell” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $130.00.
In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,090 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $124.92, for a total transaction of $386,002.80. Following the sale, the insider now owns 37,127 shares in the company, valued at approximately $4,637,904.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David B. Wright sold 11,250 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $125.27, for a total value of $1,409,287.50. Following the sale, the director now owns 32,291 shares in the company, valued at approximately $4,045,093.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,139 shares of company stock worth $4,461,097. Corporate insiders own 2.71% of the company’s stock.
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Verisk Analytics Company 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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