Verisk Analytics, Inc. Announces Quarterly Dividend of $0.29 (NASDAQ:VRSK)


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Verisk Analytics, Inc. (NASDAQ:VRSK) declared a quarterly dividend on Tuesday, May 4th, RTT News reports. Investors of record on Tuesday, June 15th will be given a dividend of 0.29 per share by the business services provider on Wednesday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 0.62%.

Shares of VRSK traded down $0.03 during midday trading on Tuesday, reaching $188.52. The stock had a trading volume of 635,198 shares, compared to its average volume of 1,030,930. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 60.43, a price-to-earnings-growth ratio of 3.69 and a beta of 0.67. The company’s 50-day moving average is $181.05 and its 200 day moving average is $188.77. Verisk Analytics has a 12-month low of $151.18 and a 12-month high of $210.66.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Monday, February 22nd. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $713.30 million during the quarter, compared to analysts’ expectations of $717.04 million. Verisk Analytics had a return on equity of 36.42% and a net margin of 19.12%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. Research analysts forecast that Verisk Analytics will post 4.9 EPS for the current fiscal year.

Several analysts have weighed in on the stock. UBS Group raised shares of Verisk Analytics from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $196.00 to $177.00 in a research note on Monday, March 1st. Raymond James raised shares of Verisk Analytics from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Monday, March 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $196.00 in a report on Monday, March 15th. Morgan Stanley dropped their price target on Verisk Analytics from $216.00 to $201.00 and set an “overweight” rating on the stock in a research report on Monday, March 29th. Finally, Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Thursday, February 4th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $198.91.

In other news, Director Christopher M. Foskett sold 1,255 shares of the firm’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $176.25, for a total value of $221,193.75. Also, Director Christopher M. Foskett sold 486 shares of Verisk Analytics stock in a transaction on Monday, March 29th. The stock was sold at an average price of $180.00, for a total value of $87,480.00. Following the completion of the sale, the director now directly owns 18,498 shares of the company’s stock, valued at approximately $3,329,640. The disclosure for this sale can be found here. Insiders have sold 11,039 shares of company stock valued at $1,951,172 in the last three months. 2.55% of the stock is owned by insiders.

Verisk Analytics Company Profile

Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.

Further Reading: 52 Week Highs and Lows

Dividend History for Verisk Analytics (NASDAQ:VRSK)

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