Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $188.98, but opened at $200.00. Verisk Analytics shares last traded at $201.99, with a volume of 437,241 shares changing hands.
The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.10. The company had revenue of $651.60 million during the quarter, compared to analyst estimates of $633.56 million. Verisk Analytics had a net margin of 32.92% and a return on equity of 41.53%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS.
Verisk Analytics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.67%. Verisk Analytics’s dividend payout ratio (DPR) is currently 22.82%.
Analyst Ratings Changes
Insider Transactions at Verisk Analytics
In other news, CAO David J. Grover sold 4,411 shares of Verisk Analytics stock in a transaction on Monday, March 20th. The stock was 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 directly owns 11,815 shares in the company, valued at $2,134,379.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director David B. Wright sold 4,912 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $182.37, for a total transaction of $895,801.44. Following the transaction, the director now owns 14,909 shares in the company, valued at $2,718,954.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David J. Grover sold 4,411 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were 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 in the company, valued at approximately $2,134,379.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,056 shares of company stock worth $2,904,589. 1.78% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Verisk Analytics
Several institutional investors have recently made changes to their positions in the company. Marks Group Wealth Management Inc grew its stake in Verisk Analytics by 0.8% in the first quarter. Marks Group Wealth Management Inc now owns 15,250 shares of the business services provider’s stock valued at $2,926,000 after purchasing an additional 116 shares during the last quarter. Raymond James Trust N.A. grew its stake in Verisk Analytics by 31.5% in the first quarter. Raymond James Trust N.A. now owns 4,504 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 1,078 shares during the last quarter. Jump Financial LLC purchased a new position in Verisk Analytics in the first quarter valued at about $2,974,000. Summit Financial LLC grew its stake in Verisk Analytics by 1.4% in the first quarter. Summit Financial LLC now owns 4,682 shares of the business services provider’s stock valued at $898,000 after purchasing an additional 66 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Verisk Analytics by 4.1% in the first quarter. Van ECK Associates Corp now owns 21,318 shares of the business services provider’s stock valued at $4,090,000 after purchasing an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.
Verisk Analytics Price Performance
The firm has a 50 day simple moving average of $187.21 and a 200-day simple moving average of $181.14. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33. The company has a market cap of $29.46 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.90 and a beta of 0.86.
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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