Atria Wealth Solutions Inc. Has $1.27 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Atria Wealth Solutions Inc. boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 30.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,316 shares of the business services provider’s stock after buying an additional 1,230 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Verisk Analytics were worth $1,270,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Verisk Analytics by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock valued at $1,777,279,000 after purchasing an additional 392,945 shares during the period. FMR LLC lifted its stake in shares of Verisk Analytics by 3.8% in the 3rd quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after purchasing an additional 182,631 shares during the period. Northern Trust Corp lifted its stake in shares of Verisk Analytics by 5.7% in the 3rd quarter. Northern Trust Corp now owns 1,661,558 shares of the business services provider’s stock valued at $392,526,000 after purchasing an additional 89,920 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Verisk Analytics by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after purchasing an additional 211,032 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Verisk Analytics by 6.1% in the 3rd quarter. Invesco Ltd. now owns 1,048,905 shares of the business services provider’s stock valued at $247,793,000 after purchasing an additional 60,228 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the transaction, the insider now owns 50,208 shares in the company, valued at approximately $12,514,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the transaction, the insider now owns 50,208 shares in the company, valued at approximately $12,514,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David J. Grover sold 6,481 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,300 shares of company stock worth $2,647,952. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

VRSK stock opened at $232.81 on Thursday. The stock has a 50-day moving average price of $231.69 and a two-hundred day moving average price of $236.05. The stock has a market cap of $33.23 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 2.72 and a beta of 0.79. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 8.85. Verisk Analytics, Inc. has a 1 year low of $187.86 and a 1 year high of $251.98.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. The firm had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities analysts forecast that Verisk Analytics, Inc. will post 6.48 EPS for the current fiscal year.

Verisk Analytics declared that its board has approved a share buyback program on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Verisk Analytics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.34. Verisk Analytics’s dividend payout ratio is 37.05%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America downgraded Verisk Analytics from a “buy” rating to a “neutral” rating and cut their price target for the company from $270.00 to $260.00 in a research note on Monday, January 8th. Evercore ISI reissued an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.00.

Verisk Analytics Company Profile

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.