Envestnet Asset Management Inc. Has $143.61 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Envestnet Asset Management Inc. trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 601,247 shares of the business services provider’s stock after selling 7,060 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.41% of Verisk Analytics worth $143,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of Verisk Analytics in the 4th quarter valued at about $30,000. Frazier Financial Advisors LLC bought a new position in Verisk Analytics in the fourth quarter valued at approximately $32,000. DSM Capital Partners LLC acquired a new stake in Verisk Analytics during the 4th quarter worth $33,000. Global Retirement Partners LLC raised its position in shares of Verisk Analytics by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of Verisk Analytics by 506.5% during the 3rd quarter. Manchester Capital Management LLC now owns 188 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 157 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VRSK shares. BMO Capital Markets lifted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and set a $250.00 target price on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.31.

Read Our Latest Analysis on Verisk Analytics

Verisk Analytics Price Performance

NASDAQ VRSK opened at $264.00 on Friday. The business has a 50 day simple moving average of $238.43 and a 200 day simple moving average of $239.14. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $264.14. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 3.23 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The business had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Verisk Analytics declared that its Board of Directors has approved a stock repurchase 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 management believes its shares are undervalued.

Insider Transactions at Verisk Analytics

In other news, insider Nicholas Daffan sold 1,531 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $236.12, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verisk Analytics news, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Daffan sold 1,531 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $236.12, for a total transaction of $361,499.72. Following the completion of the sale, the insider now directly owns 50,973 shares of the company’s stock, valued at approximately $12,035,744.76. The disclosure for this sale can be found here. Insiders have sold 11,077 shares of company stock worth $2,594,452 in the last ninety days. Insiders own 0.40% of the company’s stock.

About Verisk Analytics

(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

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

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