Fifth Third Wealth Advisors LLC boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 29.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,457 shares of the business services provider’s stock after purchasing an additional 331 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Verisk Analytics were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Marshall Financial Group LLC raised its holdings in Verisk Analytics by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after purchasing an additional 38 shares in the last quarter. Signaturefd LLC raised its stake in shares of Verisk Analytics by 1.5% during the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock worth $693,000 after buying an additional 38 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of Verisk Analytics by 1.8% in the 2nd quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock valued at $664,000 after buying an additional 43 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Verisk Analytics by 0.8% in the third quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock valued at $1,369,000 after buying an additional 43 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Verisk Analytics by 2.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock worth $543,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $286,490.00. Following the sale, the chief executive officer now owns 54,163 shares in the company, valued at $15,517,157.87. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the transaction, the director now owns 13,786 shares of the company’s stock, valued at $3,760,958.66. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379 shares of company stock valued at $946,141 in the last ninety days. Insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on VRSK. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Robert W. Baird raised their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Morgan Stanley lifted their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $293.11.
Read Our Latest Analysis on VRSK
Verisk Analytics Trading Up 0.0 %
Shares of VRSK opened at $278.55 on Friday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.58. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.08 and a beta of 0.88. The firm has a 50 day simple moving average of $282.32 and a 200-day simple moving average of $274.70.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. During the same quarter last year, the business posted $1.52 earnings per share. Verisk Analytics’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.
Verisk Analytics Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.56%. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.
About Verisk Analytics
(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.
See Also
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 – Free Report).
Receive News & Ratings for Verisk Analytics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Verisk Analytics and related companies with MarketBeat.com’s FREE daily email newsletter.
