Virtu Financial LLC acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,068 shares of the business services provider’s stock, valued at approximately $205,000.
A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Verisk Analytics by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 3,771,337 shares of the business services provider’s stock worth $664,308,000 after purchasing an additional 97,123 shares in the last quarter. Morgan Stanley raised its stake in shares of Verisk Analytics by 248.2% during the 4th quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock valued at $664,346,000 after purchasing an additional 2,684,234 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Verisk Analytics by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,182,442 shares of the business services provider’s stock valued at $561,447,000 after purchasing an additional 35,605 shares during the period. Neuberger Berman Group LLC increased its stake in Verisk Analytics by 0.9% in the 4th quarter. Neuberger Berman Group LLC now owns 2,041,711 shares of the business services provider’s stock worth $360,186,000 after acquiring an additional 17,423 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Verisk Analytics in the 4th quarter worth about $268,659,000. 93.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. TheStreet lowered Verisk Analytics from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. 888 reiterated a “maintains” rating on shares of Verisk Analytics in a research note on Thursday, May 4th. Royal Bank of Canada boosted their price target on Verisk Analytics from $210.00 to $250.00 in a research note on Thursday, May 11th. The Goldman Sachs Group boosted their price target on Verisk Analytics from $215.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Finally, Raymond James lifted their price objective on Verisk Analytics from $195.00 to $225.00 in a report on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $219.69.
Insider Transactions at Verisk Analytics
Verisk Analytics Price Performance
NASDAQ:VRSK opened at $231.46 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 35.65. Verisk Analytics, Inc. has a 12 month low of $162.94 and a 12 month high of $238.82. The business’s 50-day moving average is $224.27 and its 200 day moving average is $200.53. The company has a market capitalization of $33.51 billion, a P/E ratio of 72.33, a P/E/G ratio of 3.63 and a beta of 0.85.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.10. The firm had revenue of $651.60 million for the quarter, compared to the consensus estimate of $633.56 million. Verisk Analytics had a net margin of 18.19% and a return on equity of 57.53%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. On average, equities research 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. Stockholders of record on Thursday, June 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio is currently 42.50%.
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.
Featured Stories
- Five stocks we like better than Verisk Analytics
- Bank Stocks – Best Bank Stocks to Invest In
- Is AI On The Verge Of A Monster Short Squeeze Breakout?
- How to Invest in Communication Stocks
- Chipotle Mexican Grill Serves Up Another Entry PointÂ
- Where Do I Find 52-Week Highs and Lows?
- 7 Best Hotel REITs to Buy Now
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.
