2,261 Shares in Verisk Analytics, Inc. (NASDAQ:VRSK) Acquired by New Century Financial Group LLC

New Century Financial Group LLC bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,261 shares of the business services provider’s stock, valued at approximately $540,000.

Several other hedge funds have also recently modified their holdings of VRSK. Allworth Financial LP lifted its holdings in shares of Verisk Analytics by 17.6% during the 3rd quarter. Allworth Financial LP now owns 1,507 shares of the business services provider’s stock valued at $356,000 after buying an additional 226 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Verisk Analytics by 117.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 33,349 shares of the business services provider’s stock valued at $7,878,000 after purchasing an additional 18,001 shares during the period. Wealthfront Advisers LLC increased its position in shares of Verisk Analytics by 1.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 14,726 shares of the business services provider’s stock valued at $3,479,000 after purchasing an additional 267 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Verisk Analytics by 8.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,090 shares of the business services provider’s stock worth $2,856,000 after purchasing an additional 896 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Verisk Analytics by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 19,512 shares of the business services provider’s stock worth $4,610,000 after buying an additional 1,919 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Up 0.1 %

Verisk Analytics stock traded up $0.14 during trading hours on Friday, reaching $251.62. The stock had a trading volume of 778,912 shares, compared to its average volume of 911,426. The company has a market cap of $35.90 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 3.07 and a beta of 0.79. The business’s 50 day moving average price is $232.88 and its 200-day moving average price is $237.10. Verisk Analytics, Inc. has a 52 week low of $214.67 and a 52 week high of $251.98. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The company had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. During the same period in the prior year, the company posted $1.29 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.53 EPS for the current year.

Verisk Analytics Dividend Announcement

The company also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, June 14th. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Verisk Analytics announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRSK. BMO Capital Markets lifted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI reiterated an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $254.31.

Check Out Our Latest Analysis on Verisk Analytics

Insider Transactions at Verisk Analytics

In other news, CAO David J. Grover sold 6,481 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares in the company, valued at $2,829,348.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Verisk Analytics news, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathy Card Beckles sold 227 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the sale, the insider now directly owns 7,796 shares in the company, valued at approximately $1,852,407.56. The disclosure for this sale can be found here. Insiders sold a total of 11,304 shares of company stock worth $2,648,390 over the last three months. 0.40% of the stock is currently owned by insiders.

About Verisk Analytics

(Free Report)

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.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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