Linden Thomas Advisory Services LLC Raises Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by Defense World Staff on Jul 10th, 2023

Linden Thomas Advisory Services LLC grew its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,204 shares of the business services provider’s stock after purchasing an additional 435 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Verisk Analytics were worth $807,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new position in shares of Verisk Analytics during the fourth quarter worth about $28,000. Capital Directions Investment Advisors LLC acquired a new position in Verisk Analytics in the 4th quarter valued at about $30,000. Salem Investment Counselors Inc. acquired a new position in Verisk Analytics in the 2nd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV increased its position in Verisk Analytics by 80.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 195 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 87 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in Verisk Analytics by 606.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 219 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Insider Activity at Verisk Analytics

In related news, insider Kathy Card Beckles sold 396 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $222.13, for a total value of $87,963.48. Following the sale, the insider now owns 7,066 shares of the company’s stock, valued at approximately $1,569,570.58. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Nicholas Daffan sold 1,561 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $219.36, for a total value of $342,420.96. Following the sale, the insider now owns 40,875 shares of the company’s stock, valued at approximately $8,966,340. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kathy Card Beckles sold 396 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $222.13, for a total value of $87,963.48. Following the completion of the sale, the insider now directly owns 7,066 shares in the company, valued at approximately $1,569,570.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,677 shares of company stock valued at $3,270,473. 1.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRSK. Truist Financial boosted their price target on Verisk Analytics from $210.00 to $230.00 in a research report on Thursday, May 4th. StockNews.com began coverage on Verisk Analytics in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Royal Bank of Canada boosted their price target on Verisk Analytics from $210.00 to $250.00 in a research report on Thursday, May 11th. Robert W. Baird boosted their price target on Verisk Analytics from $206.00 to $225.00 in a research report on Thursday, May 4th. Finally, TheStreet cut Verisk Analytics from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.50.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $224.97 on Monday. The business’s 50 day simple moving average is $218.54 and its 200-day simple moving average is $195.58. The firm has a market capitalization of $32.57 billion, a price-to-earnings ratio of 70.30, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85. The company has a debt-to-equity ratio of 35.65, a current ratio of 0.89 and a quick ratio of 0.89. Verisk Analytics, Inc. has a 12 month low of $162.94 and a 12 month high of $228.43.

Verisk Analytics (NASDAQ:VRSK – Free Report) last announced its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.19 by $0.10. The business had revenue of $651.60 million for the quarter, compared to analyst estimates of $633.56 million. Verisk Analytics had a return on equity of 57.53% and a net margin of 18.19%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 5.51 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, June 14th. Verisk Analytics’s payout ratio is currently 42.50%.

Verisk Analytics Profile

(Free Report)

Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.