Mountain Pacific Investment Advisers Inc. ID Reduces Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Mountain Pacific Investment Advisers Inc. ID lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 216,141 shares of the business services provider’s stock after selling 763 shares during the quarter. Verisk Analytics comprises about 3.2% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 9th biggest position. Mountain Pacific Investment Advisers Inc. ID owned about 0.15% of Verisk Analytics worth $51,628,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VRSK. Federated Hermes Inc. boosted its position in shares of Verisk Analytics by 10.9% during the 4th quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after acquiring an additional 34,077 shares in the last quarter. Fenimore Asset Management Inc. boosted its position in shares of Verisk Analytics by 421.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock valued at $18,011,000 after acquiring an additional 60,957 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Verisk Analytics by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 522,386 shares of the business services provider’s stock valued at $124,777,000 after acquiring an additional 28,008 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Verisk Analytics by 36.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,332 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 354 shares in the last quarter. Finally, abrdn plc boosted its position in shares of Verisk Analytics by 55.2% during the 4th quarter. abrdn plc now owns 60,324 shares of the business services provider’s stock valued at $14,409,000 after acquiring an additional 21,458 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Down 0.7 %

Verisk Analytics stock opened at $221.14 on Friday. The company has a debt-to-equity ratio of 8.85, a quick ratio of 1.05 and a current ratio of 1.05. Verisk Analytics, Inc. has a 52-week low of $187.86 and a 52-week high of $251.98. The firm has a 50 day moving average price of $232.86 and a two-hundred day moving average price of $236.57. The firm has a market cap of $31.57 billion, a price-to-earnings ratio of 52.53, a PEG ratio of 2.77 and a beta of 0.78.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.04). The firm had revenue of $677.20 million for the quarter, compared to the consensus estimate of $673.56 million. Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. Equities analysts predict that Verisk Analytics, Inc. will post 6.48 EPS for the current year.

Verisk Analytics Increases Dividend

The company also recently disclosed 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 0.71%. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 14th. Verisk Analytics’s payout ratio is currently 37.05%.

Verisk Analytics declared that its Board of Directors has authorized a share buyback program on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRSK. Evercore ISI restated an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. Bank of America lowered shares of Verisk Analytics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $270.00 to $260.00 in a research report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $252.00.

Insiders Place Their Bets

In other Verisk Analytics news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the transaction, the insider now directly owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Kathy Card Beckles sold 227 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total value of $53,937.47. Following the transaction, the insider now directly owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the completion of the transaction, the insider now directly owns 51,715 shares in the company, valued at $11,528,824.95. The disclosure for this sale can be found here. Insiders have sold 11,300 shares of company stock valued at $2,647,952 in the last three months. 0.40% of the stock is currently owned by insiders.

Verisk Analytics 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.