Qtron Investments LLC Purchases 535 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Qtron Investments LLC grew its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,611 shares of the business services provider’s stock after buying an additional 535 shares during the period. Qtron Investments LLC’s holdings in Verisk Analytics were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC raised its holdings in Verisk Analytics by 3.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,471 shares of the business services provider’s stock worth $351,000 after purchasing an additional 54 shares during the last quarter. Evoke Wealth LLC raised its stake in shares of Verisk Analytics by 50.0% during the fourth quarter. Evoke Wealth LLC now owns 13,786 shares of the business services provider’s stock worth $3,293,000 after buying an additional 4,593 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Verisk Analytics by 4.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 67,160 shares of the business services provider’s stock valued at $16,042,000 after buying an additional 2,632 shares during the period. Focus Financial Network Inc. ADV bought a new position in Verisk Analytics in the fourth quarter valued at approximately $489,000. Finally, TD Asset Management Inc grew its holdings in Verisk Analytics by 45.8% during the 4th quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock worth $320,722,000 after acquiring an additional 422,002 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In other news, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,554 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the completion of the sale, the insider now directly owns 51,715 shares of the company’s stock, valued at approximately $11,528,824.95. The disclosure for this sale can be found here. Insiders have sold 11,304 shares of company stock valued at $2,648,390 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VRSK. Evercore ISI restated an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $254.31.

Get Our Latest Report on VRSK

Verisk Analytics Stock Up 1.4 %

VRSK stock opened at $252.78 on Friday. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $36.07 billion, a P/E ratio of 47.16, a P/E/G ratio of 3.14 and a beta of 0.79. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $254.14. The business has a 50-day moving average of $235.85 and a 200-day moving average of $238.40.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The firm had revenue of $704.00 million for the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

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

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 annualized dividend and a yield of 0.62%. Verisk Analytics’s payout ratio is currently 29.10%.

Verisk Analytics Company 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.

Further Reading

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

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