Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 29.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,128 shares of the business services provider’s stock after selling 50,621 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Verisk Analytics were worth $16,509,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc lifted its position in Verisk Analytics by 10.3% during the fourth quarter. Legal & General Group Plc now owns 848,106 shares of the business services provider’s stock worth $92,451,000 after buying an additional 79,434 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Verisk Analytics by 1.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 506,833 shares of the business services provider’s stock worth $55,265,000 after purchasing an additional 9,115 shares in the last quarter. Linscomb & Williams Inc. acquired a new position in Verisk Analytics in the fourth quarter worth about $2,706,000. Machina Capital S.A.S. acquired a new position in Verisk Analytics in the fourth quarter worth about $417,000. Finally, DNB Asset Management AS grew its stake in Verisk Analytics by 9.1% in the fourth quarter. DNB Asset Management AS now owns 24,507 shares of the business services provider’s stock worth $2,672,000 after purchasing an additional 2,034 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director David B. Wright sold 11,250 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $125.27, for a total transaction of $1,409,287.50. Following the sale, the director now owns 32,291 shares of the company’s stock, valued at $4,045,093.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.92, for a total value of $386,002.80. Following the sale, the insider now directly owns 37,127 shares in the company, valued at approximately $4,637,904.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,139 shares of company stock worth $4,461,097. Corporate insiders own 2.71% of the company’s stock.
A number of equities analysts recently commented on VRSK shares. BidaskClub downgraded Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Morgan Stanley set a $132.00 price target on Verisk Analytics and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird set a $137.00 price target on Verisk Analytics and gave the stock an “outperform” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.00.
NASDAQ VRSK traded up $1.60 during trading hours on Thursday, reaching $142.38. The company’s stock had a trading volume of 5,690 shares, compared to its average volume of 715,330. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $143.67. The stock has a market capitalization of $23.04 billion, a P/E ratio of 34.39, a P/E/G ratio of 3.09 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. The company had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $618.14 million. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 4.42 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 6.08%.
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Verisk Analytics 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.
See Also: Cost of Equity For A Business, Investors
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