TimesSquare Capital Management LLC Has $83.73 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

TimesSquare Capital Management LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,520 shares of the business services provider’s stock after selling 12,480 shares during the period. Verisk Analytics makes up 1.2% of TimesSquare Capital Management LLC’s holdings, making the stock its 23rd biggest position. TimesSquare Capital Management LLC’s holdings in Verisk Analytics were worth $83,725,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at about $30,000. Global Retirement Partners LLC increased its position in Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after buying an additional 49 shares in the last quarter. NewSquare Capital LLC acquired a new stake in Verisk Analytics in the third quarter valued at approximately $39,000. Manchester Capital Management LLC increased its stake in Verisk Analytics by 506.5% during the 3rd quarter. Manchester Capital Management LLC now owns 188 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 157 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Verisk Analytics in the 3rd quarter valued at $50,000. 90.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore ISI restated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and a consensus price target of $254.31.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $249.25, for a total transaction of $375,619.75. Following the transaction, the insider now owns 50,208 shares in the company, valued at $12,514,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the transaction, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas Daffan sold 1,507 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $249.25, for a total transaction of $375,619.75. Following the sale, the insider now directly owns 50,208 shares in the company, valued at $12,514,344. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,300 shares of company stock worth $2,647,952. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Stock Performance

Verisk Analytics stock traded up $0.41 during midday trading on Thursday, hitting $244.98. The stock had a trading volume of 522,915 shares, compared to its average volume of 902,776. Verisk Analytics, Inc. has a 52-week low of $212.90 and a 52-week high of $251.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. The company has a market capitalization of $34.95 billion, a PE ratio of 45.71, a P/E/G ratio of 2.90 and a beta of 0.79. The firm’s fifty day moving average is $231.52 and its two-hundred day moving average is $236.15.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.11. The company had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. Verisk Analytics’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. On average, research analysts forecast that Verisk Analytics, Inc. will post 6.53 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.64%. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

Verisk Analytics declared that its board has authorized a share repurchase plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.