First Trust Advisors LP decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 66.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 63,950 shares of the business services provider’s stock after selling 127,001 shares during the quarter. First Trust Advisors LP’s holdings in Verisk Analytics were worth $8,913,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at $27,000. Savior LLC acquired a new position in shares of Verisk Analytics during the 4th quarter worth about $28,000. Orion Portfolio Solutions LLC acquired a new position in shares of Verisk Analytics during the 4th quarter worth about $36,000. Great Diamond Partners LLC acquired a new position in shares of Verisk Analytics during the 4th quarter worth about $42,000. Finally, Key Financial Inc acquired a new position in shares of Verisk Analytics during the 1st quarter worth about $44,000. Institutional investors own 90.03% of the company’s stock.
A number of equities analysts have recently commented on VRSK shares. BMO Capital Markets reduced their price objective on shares of Verisk Analytics from $165.00 to $156.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Bank of America dropped their target price on shares of Verisk Analytics from $176.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. UBS Group upped their target price on shares of Verisk Analytics from $138.00 to $148.00 and gave the company a “sell” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Verisk Analytics from $165.00 to $188.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, Barclays dropped their target price on shares of Verisk Analytics from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $166.07.
Shares of NASDAQ:VRSK opened at $156.84 on Friday. The company’s 50 day moving average price is $151.10 and its two-hundred day moving average price is $152.13. Verisk Analytics, Inc. has a 12-month low of $116.61 and a 12-month high of $171.73. The firm has a market cap of $25.65 billion, a PE ratio of 53.35, a PEG ratio of 3.28 and a beta of 0.68. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. Verisk Analytics had a net margin of 18.23% and a return on equity of 34.93%. The firm had revenue of $689.80 million for the quarter, compared to analyst estimates of $677.79 million. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, research analysts expect that Verisk Analytics, Inc. will post 4.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.69%. Verisk Analytics’s payout ratio is presently 24.66%.
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.
Further Reading: Understanding Options Trading
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).
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.