First Trust Advisors LP Has $17.15 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by on Mar 10th, 2023

First Trust Advisors LP boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,586 shares of the business services provider’s stock after buying an additional 6,510 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of Verisk Analytics worth $17,153,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bayesian Capital Management LP acquired a new position in shares of Verisk Analytics in the third quarter valued at approximately $421,000. Belpointe Asset Management LLC acquired a new position in shares of Verisk Analytics in the third quarter valued at approximately $112,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Verisk Analytics by 15.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 121,782 shares of the business services provider’s stock valued at $20,767,000 after purchasing an additional 16,717 shares during the last quarter. CI Investments Inc. grew its position in shares of Verisk Analytics by 27.2% in the third quarter. CI Investments Inc. now owns 847 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 181 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Verisk Analytics by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 11,169 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VRSK shares. Barclays upped their target price on Verisk Analytics from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 2nd. Morgan Stanley increased their price target on Verisk Analytics from $181.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. JPMorgan Chase & Co. increased their price target on Verisk Analytics from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Credit Suisse Group increased their price target on Verisk Analytics from $165.00 to $187.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Robert W. Baird raised their target price on Verisk Analytics from $201.00 to $206.00 in a research note on Thursday, March 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Verisk Analytics currently has an average rating of “Hold” and an average price target of $201.09.

Verisk Analytics Trading Down 0.9 %

NASDAQ:VRSK opened at $183.17 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $28.34 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. The firm’s 50 day moving average is $179.82 and its 200 day moving average is $179.10. Verisk Analytics, Inc. has a 12 month low of $156.05 and a 12 month high of $222.11.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.26. The company had revenue of $630.40 million for the quarter, compared to analysts’ expectations of $615.30 million. Verisk Analytics had a net margin of 32.92% and a return on equity of 41.53%. Verisk Analytics’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Sell-side analysts expect that Verisk Analytics, Inc. will post 5.43 earnings per share for the current year.

Verisk Analytics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, March 14th. Verisk Analytics’s payout ratio is currently 20.81%.

Verisk Analytics Company Profile

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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.

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

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