Acadian Asset Management LLC acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 426 shares of the business services provider’s stock, valued at approximately $95,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. lifted its holdings in Verisk Analytics by 61.2% during the 2nd quarter. MV Capital Management Inc. now owns 137 shares of the business services provider’s stock worth $31,000 after buying an additional 52 shares during the last quarter. Quarry LP purchased a new stake in Verisk Analytics in the first quarter valued at $27,000. Your Advocates Ltd. LLP acquired a new position in Verisk Analytics in the second quarter valued at $34,000. Fiduciary Alliance LLC purchased a new position in shares of Verisk Analytics during the second quarter worth about $36,000. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Verisk Analytics by 246.8% during the second quarter. China Universal Asset Management Co. Ltd. now owns 163 shares of the business services provider’s stock worth $37,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of Verisk Analytics in a report on Thursday, August 3rd. Jefferies Financial Group cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. StockNews.com assumed coverage on Verisk Analytics in a report on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial upped their price objective on Verisk Analytics from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Bank of America increased their price objective on Verisk Analytics from $267.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $248.23.
Insider Transactions at Verisk Analytics
In related news, insider Nicholas Daffan sold 1,516 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $246.02, for a total transaction of $372,966.32. Following the transaction, the insider now directly owns 43,931 shares in the company, valued at $10,807,904.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.31% of the company’s stock.
Verisk Analytics Stock Up 0.9 %
VRSK opened at $239.28 on Tuesday. The company has a debt-to-equity ratio of 7.22, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 70.38, a PEG ratio of 3.90 and a beta of 0.85. Verisk Analytics, Inc. has a one year low of $169.74 and a one year high of $249.26. The business’s fifty day moving average is $237.78 and its two-hundred day moving average is $231.05.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. The firm had revenue of $677.60 million during the quarter, compared to the consensus estimate of $663.33 million. Verisk Analytics had a return on equity of 135.34% and a net margin of 19.04%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Analysts anticipate that Verisk Analytics, Inc. will post 5.72 EPS for the current fiscal year.
Verisk Analytics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 14th. Verisk Analytics’s dividend payout ratio is presently 40.00%.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.
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