CoreCap Advisors LLC Has $38,000 Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

CoreCap Advisors LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 98.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139 shares of the business services provider’s stock after selling 10,890 shares during the quarter. CoreCap Advisors LLC’s holdings in Verisk Analytics were worth $38,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in Verisk Analytics by 468.8% during the 4th quarter. Manchester Capital Management LLC now owns 91 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares in the last quarter. Roxbury Financial LLC acquired a new position in Verisk Analytics during the 4th quarter worth $29,000. Centricity Wealth Management LLC acquired a new position in Verisk Analytics during the 4th quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in Verisk Analytics during the 4th quarter worth $30,000. Finally, Kestra Investment Management LLC acquired a new position in Verisk Analytics during the 4th quarter worth $32,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $295.38, for a total transaction of $88,614.00. Following the completion of the transaction, the chief financial officer now owns 16,665 shares in the company, valued at approximately $4,922,507.70. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David J. Grover sold 5,705 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $307.68, for a total transaction of $1,755,314.40. Following the transaction, the chief accounting officer now owns 12,937 shares of the company’s stock, valued at approximately $3,980,456.16. This represents a 30.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,363 shares of company stock worth $2,529,187. Corporate insiders own 0.46% of the company’s stock.

Verisk Analytics Price Performance

VRSK opened at $301.27 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a 12 month low of $245.01 and a 12 month high of $312.82. The company has a fifty day simple moving average of $292.57 and a 200 day simple moving average of $287.44. The stock has a market cap of $42.14 billion, a P/E ratio of 47.00, a P/E/G ratio of 3.37 and a beta of 0.89.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $753.00 million during the quarter, compared to analysts’ expectations of $750.31 million. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics declared that its board has approved a share buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 2.5% 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, June 13th. Verisk Analytics’s dividend payout ratio is currently 26.35%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VRSK. Bank of America began coverage on Verisk Analytics in a report on Thursday, April 10th. They set an “underperform” rating and a $280.00 price objective on the stock. Wells Fargo & Company cut their price target on Verisk Analytics from $325.00 to $321.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird increased their price target on Verisk Analytics from $320.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. UBS Group increased their price target on Verisk Analytics from $295.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday. Finally, BMO Capital Markets increased their price target on Verisk Analytics from $280.00 to $297.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $302.40.

About Verisk Analytics

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.