HighTower Advisors LLC Sells 216 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by Defense World Staff on May 23rd, 2023

HighTower Advisors LLC lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,391 shares of the business services provider’s stock after selling 216 shares during the period. HighTower Advisors LLC’s holdings in Verisk Analytics were worth $2,529,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Verisk Analytics by 2.6% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 773,340 shares of the business services provider’s stock valued at $131,878,000 after purchasing an additional 19,377 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Verisk Analytics by 10.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,346 shares of the business services provider’s stock valued at $1,253,000 after acquiring an additional 666 shares during the period. Metis Global Partners LLC lifted its position in Verisk Analytics by 11.3% during the 3rd quarter. Metis Global Partners LLC now owns 3,141 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 320 shares during the period. RFP Financial Group LLC purchased a new position in Verisk Analytics during the 4th quarter valued at about $71,000. Finally, Quadrant Capital Group LLC lifted its position in Verisk Analytics by 5.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,803 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 91 shares during the period. Institutional investors own 89.89% of the company’s stock.

Insiders Place Their Bets

In other news, Director Wendy E. Lane purchased 1,037 shares of the company’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $209.78 per share, for a total transaction of $217,541.86. Following the completion of the transaction, the director now directly owns 2,057 shares in the company, valued at approximately $431,517.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Wendy E. Lane bought 1,037 shares of the stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $209.78 per share, with a total value of $217,541.86. Following the completion of the acquisition, the director now owns 2,057 shares of the company’s stock, valued at $431,517.46. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher M. Foskett sold 6,733 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $180.00, for a total transaction of $1,211,940.00. Following the completion of the transaction, the director now directly owns 20,327 shares in the company, valued at approximately $3,658,860. The disclosure for this sale can be found here. Insiders sold a total of 16,056 shares of company stock worth $2,904,589 over the last three months. 1.31% of the stock is currently owned by company insiders.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $218.25 on Tuesday. The firm has a 50 day moving average of $196.44 and a 200 day moving average of $185.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 35.65. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 68.20, a price-to-earnings-growth ratio of 4.56 and a beta of 0.86. Verisk Analytics, Inc. has a 12-month low of $156.05 and a 12-month high of $222.93.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last announced its earnings results on Wednesday, May 3rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating 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 18.19% and a return on equity of 57.53%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. On average, research analysts anticipate that Verisk Analytics, Inc. will post 5.5 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.34 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.62%. Verisk Analytics’s payout ratio is currently 42.50%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRSK. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $198.00 to $215.00 in a report on Thursday, May 4th. StockNews.com began coverage on shares of Verisk Analytics in a report on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet cut shares of Verisk Analytics from a “b” rating to a “c+” rating in a report on Wednesday, May 3rd. Bank of America raised shares of Verisk Analytics from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $167.00 to $243.00 in a report on Thursday, May 4th. Finally, Royal Bank of Canada lifted their target price on shares of Verisk Analytics from $210.00 to $250.00 in a report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus target price of $215.50.

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.