Louisiana State Employees Retirement System Sells 500 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by Defense World Staff on Apr 3rd, 2023

Louisiana State Employees Retirement System cut its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,900 shares of the business services provider’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Verisk Analytics were worth $3,158,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Trust N.A. lifted its position in shares of Verisk Analytics by 34.7% in the 1st quarter. Raymond James Trust N.A. now owns 4,224 shares of the business services provider’s stock worth $907,000 after purchasing an additional 1,089 shares during the period. Cibc World Market Inc. boosted its holdings in Verisk Analytics by 3.2% during the first quarter. Cibc World Market Inc. now owns 22,860 shares of the business services provider’s stock worth $4,906,000 after buying an additional 716 shares in the last quarter. Prudential PLC purchased a new stake in Verisk Analytics during the first quarter worth $636,000. National Pension Service lifted its holdings in Verisk Analytics by 0.6% during the first quarter. National Pension Service now owns 195,526 shares of the business services provider’s stock valued at $41,966,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in Verisk Analytics by 14.4% during 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 purchasing an additional 1,232 shares in the last quarter. 89.89% of the stock is currently owned by institutional investors.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock opened at $191.86 on Monday. The company’s 50-day moving average price is $180.93 and its two-hundred day moving average price is $178.31. 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 cap of $29.68 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.86 and a beta of 0.84. Verisk Analytics, Inc. has a 52 week low of $156.05 and a 52 week high of $222.11.

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

Verisk Analytics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, March 14th. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.31. Verisk Analytics’s dividend payout ratio is presently 22.82%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CAO David J. Grover sold 4,411 shares of the stock in a transaction dated 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 owns 11,815 shares of the company’s stock, valued at $2,134,379.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO David J. Grover sold 4,411 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $180.65, for a total transaction of $796,847.15. Following the sale, the chief accounting officer now owns 11,815 shares of the company’s stock, valued at $2,134,379.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David B. Wright sold 4,912 shares of Verisk Analytics stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $182.37, for a total value of $895,801.44. Following the completion of the sale, the director now directly owns 14,909 shares in the company, valued at approximately $2,718,954.33. The disclosure for this sale can be found here. Insiders have sold a total of 16,163 shares of company stock worth $2,924,057 over the last 90 days. Insiders own 1.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VRSK. BMO Capital Markets cut their price objective on shares of Verisk Analytics from $191.00 to $188.00 and set a “market perform” rating for the company in a research report on Thursday, March 2nd. Raymond James lifted their price target on shares of Verisk Analytics from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Redburn Partners upgraded shares of Verisk Analytics from a “sell” rating to a “neutral” rating in a research report on Monday, March 20th. StockNews.com assumed coverage on shares of Verisk Analytics in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Morgan Stanley lifted their target price on shares of Verisk Analytics from $181.00 to $186.00 and gave the company 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.09.

Verisk Analytics Profile

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

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