Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 21.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 940 shares of the business services provider’s stock after acquiring an additional 169 shares during the period. Aaron Wealth Advisors LLC’s holdings in Verisk Analytics were worth $280,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. NovaPoint Capital LLC acquired a new position in Verisk Analytics during the first quarter worth $208,000. DAVENPORT & Co LLC boosted its stake in shares of Verisk Analytics by 17.3% in the first quarter. DAVENPORT & Co LLC now owns 6,388 shares of the business services provider’s stock worth $1,901,000 after acquiring an additional 944 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Verisk Analytics by 88.4% in the first quarter. Summit Trail Advisors LLC now owns 2,018 shares of the business services provider’s stock worth $601,000 after acquiring an additional 947 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Verisk Analytics by 1.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,145 shares of the business services provider’s stock worth $4,805,000 after acquiring an additional 293 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Verisk Analytics by 21.9% in the first quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider’s stock worth $23,157,000 after acquiring an additional 13,995 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $303.96 on Friday. Verisk Analytics, Inc. has a 12-month low of $257.59 and a 12-month high of $322.92. The stock has a market cap of $42.52 billion, a P/E ratio of 44.50, a PEG ratio of 3.73 and a beta of 0.86. The company has a 50-day moving average price of $307.89 and a 200 day moving average price of $294.23. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 26.13.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Verisk Analytics had a net margin of 33.13% and a return on equity of 396.08%. The firm had revenue of $753.00 million during the quarter, compared to analysts’ expectations of $750.31 million. During the same period last year, the business earned $1.63 earnings per share. Verisk Analytics’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, June 13th. Verisk Analytics’s payout ratio is currently 26.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VRSK shares. UBS Group increased their target price on shares of Verisk Analytics from $295.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Robert W. Baird increased their target price on shares of Verisk Analytics from $320.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, Bank of America started coverage on shares of Verisk Analytics in a research report on Thursday, April 10th. They issued an “underperform” rating and a $280.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $302.40.

Insider Activity

In other Verisk Analytics news, CAO David J. Grover sold 5,705 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $307.68, for a total transaction of $1,755,314.40. Following the completion of the transaction, the chief accounting officer owned 12,937 shares of the company’s stock, valued at $3,980,456.16. This trade represents a 30.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samuel G. Liss sold 11,656 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $313.06, for a total transaction of $3,649,027.36. Following the transaction, the director directly owned 67,244 shares of the company’s stock, valued at approximately $21,051,406.64. This trade represents a 14.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,259 shares of company stock valued at $7,553,769 in the last quarter. Insiders own 0.46% of the company’s stock.

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.