Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Signaturefd LLC

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,139 shares of the business services provider’s stock after selling 252 shares during the period. Signaturefd LLC’s holdings in Verisk Analytics were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Verisk Analytics by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 17,146,647 shares of the business services provider’s stock valued at $2,924,017,000 after acquiring an additional 72,552 shares during the period. Brown Advisory Inc. lifted its stake in Verisk Analytics by 23.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,058,873 shares of the business services provider’s stock valued at $521,629,000 after acquiring an additional 578,564 shares during the period. Legal & General Group Plc lifted its stake in Verisk Analytics by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 1,176,480 shares of the business services provider’s stock valued at $203,638,000 after acquiring an additional 99,041 shares during the period. Nordea Investment Management AB lifted its stake in Verisk Analytics by 1.1% during the 3rd quarter. Nordea Investment Management AB now owns 922,220 shares of the business services provider’s stock valued at $159,793,000 after acquiring an additional 9,734 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Verisk Analytics by 0.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 889,718 shares of the business services provider’s stock valued at $154,002,000 after acquiring an additional 7,508 shares during the period. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK opened at $191.86 on Friday. The firm has a market cap of $27.72 billion, a PE ratio of 32.19, a PEG ratio of 2.86 and a beta of 0.86. The firm has a fifty day moving average of $182.78 and a 200 day moving average of $179.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.40 and a current ratio of 0.40. Verisk Analytics, Inc. has a one year low of $156.05 and a one year high of $219.60.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last released its earnings results on Wednesday, March 1st. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.26. Verisk Analytics had a net margin of 32.92% and a return on equity of 41.53%. The business had revenue of $630.40 million during the quarter, compared to analyst estimates of $615.30 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts predict that Verisk Analytics, Inc. will post 5.44 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 is a positive change from Verisk Analytics’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, March 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.71%. Verisk Analytics’s dividend payout ratio is presently 22.82%.

Insider Transactions at Verisk Analytics

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

Wall Street Analyst Weigh In

Several brokerages have commented on VRSK. BMO Capital Markets decreased 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 note on Thursday, March 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Verisk Analytics in a research note on Wednesday, March 15th. Credit Suisse Group boosted their target price on shares of Verisk Analytics from $165.00 to $187.00 and gave the company a “neutral” rating in a research note on Monday, March 6th. Raymond James boosted their target price on shares of Verisk Analytics from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, March 2nd. Finally, Morgan Stanley boosted their target price on shares of Verisk Analytics from $181.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and an average target price of $201.09.

Verisk Analytics Company 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.