Hartford Investment Management Co. lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 36.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,480 shares of the business services provider’s stock after selling 6,489 shares during the quarter. Hartford Investment Management Co.’s holdings in Verisk Analytics were worth $2,025,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its stake in shares of Verisk Analytics by 34.7% during the first quarter. Raymond James Trust N.A. now owns 4,224 shares of the business services provider’s stock valued at $907,000 after acquiring an additional 1,089 shares during the last quarter. Cibc World Market Inc. lifted its holdings in Verisk Analytics by 3.2% in the 1st quarter. Cibc World Market Inc. now owns 22,860 shares of the business services provider’s stock valued at $4,906,000 after purchasing an additional 716 shares in the last quarter. Prudential PLC acquired a new stake in shares of Verisk Analytics during the 1st quarter worth about $636,000. National Pension Service grew its holdings in shares of Verisk Analytics by 0.6% during the first quarter. National Pension Service now owns 195,526 shares of the business services provider’s stock worth $41,966,000 after buying an additional 1,093 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Verisk Analytics by 14.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,781 shares of the business services provider’s stock valued at $2,099,000 after buying an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.
Insider Activity
In related news, Director Christopher M. Foskett sold 6,733 shares of Verisk Analytics stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $180.00, for a total transaction of $1,211,940.00. Following the sale, the director now owns 20,327 shares of the company’s stock, valued at approximately $3,658,860. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Verisk Analytics news, CAO David J. Grover sold 4,411 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $180.65, for a total value of $796,847.15. Following the transaction, the chief accounting officer now directly owns 11,815 shares of the company’s stock, valued at approximately $2,134,379.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher M. Foskett sold 6,733 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $180.00, for a total value of $1,211,940.00. Following the transaction, the director now owns 20,327 shares of the company’s stock, valued at $3,658,860. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,163 shares of company stock worth $2,924,057. 1.78% of the stock is currently owned by company insiders.
Verisk Analytics Price Performance
Verisk Analytics (NASDAQ:VRSK – Get Rating) last issued its earnings results on Wednesday, March 1st. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.26. The company had revenue of $630.40 million during the quarter, compared to the consensus estimate of $615.30 million. Verisk Analytics had a return on equity of 41.53% and a net margin of 32.92%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share. As a group, analysts predict that Verisk Analytics, Inc. will post 5.43 EPS for the current year.
Verisk Analytics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.34 per share. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, March 14th. Verisk Analytics’s payout ratio is presently 22.82%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Verisk Analytics from $181.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. Robert W. Baird lifted their price objective on Verisk Analytics from $201.00 to $206.00 in a research report on Thursday, March 2nd. StockNews.com began coverage on Verisk Analytics in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Credit Suisse Group lifted their price target on Verisk Analytics from $165.00 to $187.00 and gave the company a “neutral” rating in a report on Monday, March 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Verisk Analytics from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.09.
Verisk Analytics Company Profile
Verisk Analytics, Inc engages in the provision of data analytics services. It serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance. The company was founded in 1971 and is headquartered in Jersey City, NJ.
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