Asahi Life Asset Management CO. LTD. Acquires 155 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Asahi Life Asset Management CO. LTD. lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 11.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,535 shares of the business services provider’s stock after purchasing an additional 155 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Verisk Analytics were worth $367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in Verisk Analytics in the 4th quarter worth approximately $30,000. Frazier Financial Advisors LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at $32,000. DSM Capital Partners LLC bought a new stake in shares of Verisk Analytics during the fourth quarter worth $33,000. Global Retirement Partners LLC lifted its stake in shares of Verisk Analytics by 48.5% during the fourth 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 period. Finally, Manchester Capital Management LLC boosted its holdings in Verisk Analytics by 506.5% in the third 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and issued a $250.00 price objective on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $254.31.

Read Our Latest Stock Analysis on Verisk Analytics

Verisk Analytics Trading Up 1.5 %

Verisk Analytics stock traded up $4.00 during mid-day trading on Friday, hitting $264.00. 898,285 shares of the company’s stock were exchanged, compared to its average volume of 747,402. The company’s 50 day simple moving average is $238.43 and its 200-day simple moving average is $239.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of $37.67 billion, a P/E ratio of 49.25, a PEG ratio of 3.23 and a beta of 0.83. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $264.14.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings results 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 return on equity of 268.19% and a net margin of 28.45%. The company had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. During the same quarter last year, the firm posted $1.29 earnings per share. Verisk Analytics’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Dividend Announcement

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

Verisk Analytics declared that its board has approved a share buyback program on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the transaction, the insider now owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The disclosure for this sale can be found here. Insiders have sold a total of 11,077 shares of company stock worth $2,594,452 over the last ninety days. Company 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.

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

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