Stratos Wealth Partners LTD. cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,349 shares of the business services provider’s stock after selling 291 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Verisk Analytics were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Benjamin Edwards Inc. grew its holdings in shares of Verisk Analytics by 14.0% during the 1st quarter. Benjamin Edwards Inc. now owns 837 shares of the business services provider’s stock worth $161,000 after purchasing an additional 103 shares during the period. Simplicity Solutions LLC grew its holdings in shares of Verisk Analytics by 971.3% during the 1st quarter. Simplicity Solutions LLC now owns 25,936 shares of the business services provider’s stock worth $4,976,000 after purchasing an additional 23,515 shares during the period. Ballentine Partners LLC grew its holdings in shares of Verisk Analytics by 10.0% during the 1st quarter. Ballentine Partners LLC now owns 4,651 shares of the business services provider’s stock worth $892,000 after purchasing an additional 424 shares during the period. Strs Ohio grew its holdings in shares of Verisk Analytics by 6.4% during the 1st quarter. Strs Ohio now owns 300,000 shares of the business services provider’s stock worth $57,558,000 after purchasing an additional 18,000 shares during the period. Finally, Securian Asset Management Inc. grew its holdings in shares of Verisk Analytics by 0.8% during the 1st quarter. Securian Asset Management Inc. now owns 13,091 shares of the business services provider’s stock worth $2,512,000 after purchasing an additional 100 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
VRSK has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Verisk Analytics from $198.00 to $215.00 in a report on Thursday, May 4th. TheStreet cut Verisk Analytics from a “b” rating to a “c+” rating in a report on Wednesday, May 3rd. Bank of America upgraded Verisk Analytics from an “underperform” rating to a “buy” rating and raised their target price for the company from $167.00 to $243.00 in a report on Thursday, May 4th. Truist Financial raised their target price on Verisk Analytics from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on Verisk Analytics from $206.00 to $225.00 in a report on Thursday, May 4th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics has a consensus rating of “Moderate Buy” and a consensus price target of $219.69.
Verisk Analytics Price Performance
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last issued its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.10. Verisk Analytics had a return on equity of 57.53% and a net margin of 18.19%. The company had revenue of $651.60 million during the quarter, compared to analysts’ expectations of $633.56 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Verisk Analytics, Inc. will post 5.51 earnings per share for the current fiscal year.
Verisk Analytics Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders 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 0.58%. The ex-dividend date of this dividend was Wednesday, June 14th. Verisk Analytics’s dividend payout ratio is currently 42.50%.
Insider Buying and Selling at Verisk Analytics
In other Verisk Analytics news, insider Kathy Card Beckles sold 396 shares of the business’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 completion of the sale, the insider now owns 7,066 shares in the company, valued at $1,569,570.58. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Kathy Card Beckles sold 396 shares of the business’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 transaction, the insider now owns 7,066 shares of the company’s stock, valued at $1,569,570.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,561 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $219.36, for a total value of $342,420.96. Following the completion of the transaction, the insider now directly owns 40,875 shares in the company, valued at approximately $8,966,340. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,241 shares of company stock worth $3,626,674. 1.31% of the stock is owned by insiders.
Verisk Analytics Profile
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.
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