Russell Investments Group Ltd. Increases Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Russell Investments Group Ltd. grew its holdings in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,729 shares of the business services provider’s stock after purchasing an additional 9,665 shares during the quarter. Russell Investments Group Ltd.’s holdings in Verisk Analytics were worth $13,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VRSK. Massachusetts Financial Services Co. MA boosted its stake in shares of Verisk Analytics by 5.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock valued at $1,777,279,000 after purchasing an additional 392,945 shares during the period. JPMorgan Chase & Co. raised its holdings in Verisk Analytics by 21.4% in the third quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after acquiring an additional 211,032 shares in the last quarter. FMR LLC raised its holdings in Verisk Analytics by 3.8% in the third quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after acquiring an additional 182,631 shares in the last quarter. Federated Hermes Inc. raised its holdings in Verisk Analytics by 131.2% in the third quarter. Federated Hermes Inc. now owns 312,569 shares of the business services provider’s stock valued at $73,841,000 after acquiring an additional 177,391 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Verisk Analytics by 22.1% in the third quarter. TD Asset Management Inc now owns 920,719 shares of the business services provider’s stock valued at $217,511,000 after acquiring an additional 166,656 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $250.00 target price on shares of Verisk Analytics in a report on Tuesday, March 26th. BMO Capital Markets raised their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Bank of America cut shares of Verisk Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the company from $270.00 to $260.00 in a report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $254.31.

Check Out Our Latest Stock Report on VRSK

Insider Activity at Verisk Analytics

In related news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total value of $53,937.47. Following the transaction, the insider now directly owns 7,796 shares in the company, valued at approximately $1,852,407.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Nicholas Daffan sold 1,531 shares of Verisk Analytics stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $236.12, for a total value of $361,499.72. Following the transaction, the insider now directly owns 50,973 shares in the company, valued at approximately $12,035,744.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathy Card Beckles sold 227 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the sale, the insider now owns 7,796 shares in the company, valued at $1,852,407.56. The disclosure for this sale can be found here. Insiders have sold a total of 11,300 shares of company stock worth $2,647,952 in the last three months. Insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $237.33 on Friday. The firm’s fifty day simple moving average is $231.42 and its 200-day simple moving average is $235.99. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.89 and a beta of 0.79. Verisk Analytics, Inc. has a 12 month low of $205.70 and a 12 month high of $251.98. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.05.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $704.00 million for the quarter, compared to analysts’ expectations of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 6.53 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be given a $0.39 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.66%. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

Verisk Analytics announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Verisk Analytics Profile

(Free Report)

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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