EHP Funds Inc. Makes New $311,000 Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

EHP Funds Inc. acquired a new position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,300 shares of the business services provider’s stock, valued at approximately $311,000.

Several other large investors have also made changes to their positions in VRSK. FMR LLC increased its position in shares of Verisk Analytics by 3.8% during 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 purchasing an additional 182,631 shares during the period. Northern Trust Corp increased its position in shares of Verisk Analytics by 5.7% during the third quarter. Northern Trust Corp now owns 1,661,558 shares of the business services provider’s stock valued at $392,526,000 after purchasing an additional 89,920 shares during the period. Norges Bank bought a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $374,530,000. TD Asset Management Inc increased its position in shares of Verisk Analytics by 45.8% during the fourth quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock valued at $320,722,000 after purchasing an additional 422,002 shares during the period. Finally, JPMorgan Chase & Co. grew its position 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 during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Stock Up 1.5 %

NASDAQ:VRSK traded up $4.00 during trading hours on Friday, reaching $264.00. 898,285 shares of the stock were exchanged, compared to its average volume of 747,402. The stock has a market cap of $37.67 billion, a PE ratio of 49.25, a PEG ratio of 3.28 and a beta of 0.83. The firm has a 50 day moving average of $238.43 and a 200 day moving average of $239.14. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $264.14. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

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

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

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%.

Insider Transactions at Verisk Analytics

In related news, insider Nicholas Daffan sold 1,531 shares of Verisk Analytics 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 owns 50,973 shares of the company’s stock, valued at approximately $12,035,744.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nicholas Daffan sold 1,531 shares of Verisk Analytics 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 owns 50,973 shares of the company’s stock, valued at approximately $12,035,744.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,510,461.86. Following the completion of the sale, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VRSK shares. Evercore ISI reiterated 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 increased their target price on Verisk Analytics from $238.00 to $241.00 and gave the stock 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $254.31.

Check Out Our Latest Analysis on Verisk Analytics

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.

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

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