Toroso Investments LLC raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,151 shares of the business services provider’s stock after acquiring an additional 200 shares during the quarter. Toroso Investments LLC’s holdings in Verisk Analytics were worth $878,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in Verisk Analytics during the second quarter valued at about $30,000. Private Trust Co. NA purchased a new position in shares of Verisk Analytics during the second quarter valued at about $33,000. Valley National Advisers Inc. grew its position in shares of Verisk Analytics by 36.3% during the third quarter. Valley National Advisers Inc. now owns 233 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 62 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Verisk Analytics during the third quarter valued at about $44,000. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of Verisk Analytics during the third quarter valued at about $49,000. 89.89% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on VRSK shares. Morgan Stanley raised their price objective on Verisk Analytics from $181.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, March 2nd. StockNews.com started coverage on shares of Verisk Analytics in a report on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Verisk Analytics from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. Credit Suisse Group upped their target price on shares of Verisk Analytics from $165.00 to $187.00 and gave the stock a “neutral” rating in a research note on Monday, March 6th. Finally, Robert W. Baird upped their target price on shares of Verisk Analytics from $201.00 to $206.00 in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.09.
Insider Transactions at Verisk Analytics
Verisk Analytics Price Performance
Shares of NASDAQ VRSK opened at $180.07 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $27.86 billion, a PE ratio of 30.21, a P/E/G ratio of 2.64 and a beta of 0.84. The business has a 50-day simple moving average of $180.05 and a two-hundred day simple moving average of $178.48. Verisk Analytics, Inc. has a fifty-two week low of $156.05 and a fifty-two week high of $222.11.
Verisk Analytics (NASDAQ:VRSK – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.26. The business had revenue of $630.40 million during the quarter, compared to the consensus estimate of $615.30 million. Verisk Analytics had a return on equity of 41.53% and a net margin of 32.92%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share. As a group, equities analysts expect that Verisk Analytics, Inc. will post 5.43 EPS for the current fiscal year.
Verisk Analytics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.76%. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 22.82%.
Verisk Analytics Profile
Verisk Analytics, Inc engages in the provision of data analytics services. It serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance. The company was founded in 1971 and is headquartered in Jersey City, NJ.
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