Aaron Wealth Advisors LLC acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 771 shares of the business services provider’s stock, valued at approximately $212,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC acquired a new position in shares of Verisk Analytics in the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Verisk Analytics in the 3rd quarter valued at about $34,000. Carolina Wealth Advisors LLC purchased a new position in Verisk Analytics in the 3rd quarter valued at about $50,000. Catalyst Capital Advisors LLC boosted its stake in shares of Verisk Analytics by 101.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock worth $74,000 after purchasing an additional 139 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Verisk Analytics during the third quarter worth about $79,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Insiders Place Their Bets
In related news, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the transaction, the director now owns 13,786 shares in the company, valued at approximately $3,760,958.66. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $282.06, for a total value of $595,428.66. Following the sale, the insider now owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. This trade represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,490 shares of company stock worth $1,541,570 in the last 90 days. 0.40% of the stock is owned by company insiders.
Verisk Analytics Trading Up 0.5 %
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.
Verisk Analytics Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.
Wall Street Analysts Forecast Growth
VRSK has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Evercore ISI reaffirmed an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a research report on Tuesday, January 7th. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Barclays lowered shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $293.11.
Get Our Latest Research Report on Verisk Analytics
Verisk Analytics Company Profile
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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