Janney Montgomery Scott LLC lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,184 shares of the business services provider’s stock after buying an additional 809 shares during the period. Janney Montgomery Scott LLC’s holdings in Verisk Analytics were worth $13,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in VRSK. Equitec Proprietary Markets LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth approximately $34,000. Riverview Trust Co purchased a new position in shares of Verisk Analytics during the 1st quarter worth approximately $36,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Verisk Analytics during the 4th quarter worth approximately $46,000. Ten Capital Wealth Advisors LLC purchased a new position in shares of Verisk Analytics during the 4th quarter worth approximately $49,000. Finally, Confluence Wealth Services Inc. purchased a new position in shares of Verisk Analytics during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 91.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on VRSK. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Verisk Analytics from $255.00 to $226.00 in a research report on Thursday, May 5th. Royal Bank of Canada decreased their price target on shares of Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, June 29th. Barclays reduced their price objective on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. StockNews.com lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BMO Capital Markets cut their price target on shares of Verisk Analytics from $225.00 to $205.00 and set a “hold” rating on the stock in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $216.80.
Verisk Analytics Stock Up 0.8 %
Verisk Analytics (NASDAQ:VRSK – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.05). The business had revenue of $775.50 million during the quarter, compared to analysts’ expectations of $773.79 million. Verisk Analytics had a net margin of 32.92% and a return on equity of 32.10%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. As a group, equities research analysts predict that Verisk Analytics, Inc. will post 5.7 earnings per share for the current year.
Verisk Analytics Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.24 annualized dividend and a yield of 0.67%. Verisk Analytics’s dividend payout ratio is currently 20.06%.
In other news, Director Christopher M. Foskett sold 2,888 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $168.18, for a total value of $485,703.84. Following the completion of the transaction, the director now directly owns 30,548 shares in the company, valued at $5,137,562.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Verisk Analytics news, CFO Lee Shavel sold 483 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $203.64, for a total transaction of $98,358.12. Following the transaction, the chief financial officer now owns 39,644 shares of the company’s stock, valued at approximately $8,073,104.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher M. Foskett sold 2,888 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $168.18, for a total transaction of $485,703.84. Following the transaction, the director now directly owns 30,548 shares in the company, valued at approximately $5,137,562.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,028 shares of company stock worth $31,572,586. 1.78% of the stock is currently owned by company insiders.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.
- Get a free copy of the StockNews.com research report on Verisk Analytics (VRSK)
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