Nuveen Asset Management LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 914,511 shares of the business services provider’s stock after purchasing an additional 158,324 shares during the quarter. Nuveen Asset Management LLC’s holdings in Verisk Analytics were worth $189,843,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Girard Partners LTD. increased its position in Verisk Analytics by 6.3% in the fourth quarter. Girard Partners LTD. now owns 7,489 shares of the business services provider’s stock worth $1,554,000 after buying an additional 445 shares during the last quarter. Franklin Street Advisors Inc. NC lifted its position in shares of Verisk Analytics by 1.2% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 50,892 shares of the business services provider’s stock valued at $10,565,000 after buying an additional 593 shares during the last quarter. Advisor OS LLC grew its stake in shares of Verisk Analytics by 42.8% during the 4th quarter. Advisor OS LLC now owns 6,062 shares of the business services provider’s stock worth $1,258,000 after acquiring an additional 1,817 shares during the period. Westpac Banking Corp increased its holdings in Verisk Analytics by 6.4% in the 4th quarter. Westpac Banking Corp now owns 50,574 shares of the business services provider’s stock worth $10,499,000 after acquiring an additional 3,042 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in Verisk Analytics by 3.8% in the 4th quarter. Synovus Financial Corp now owns 22,841 shares of the business services provider’s stock valued at $4,742,000 after acquiring an additional 846 shares during the period. Institutional investors and hedge funds own 88.17% of the company’s stock.
In related news, Director David B. Wright sold 2,550 shares of Verisk Analytics stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $166.34, for a total value of $424,167.00. Also, Director Christopher M. Foskett sold 499 shares of the stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $175.00, for a total transaction of $87,325.00. Following the completion of the sale, the director now directly owns 16,497 shares of the company’s stock, valued at $2,886,975. The disclosure for this sale can be found here. In the last three months, insiders sold 4,304 shares of company stock valued at $732,686. 2.55% of the stock is currently owned by corporate insiders.
Shares of NASDAQ VRSK opened at $178.63 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average of $177.74 and a 200-day moving average of $188.81. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.69 and a beta of 0.67. Verisk Analytics, Inc. has a 12 month low of $133.50 and a 12 month high of $210.66.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Monday, February 22nd. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company had revenue of $713.30 million for the quarter, compared to the consensus estimate of $717.04 million. Verisk Analytics had a net margin of 19.12% and a return on equity of 36.42%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, analysts predict that Verisk Analytics, Inc. will post 4.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 12th. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 0.65%. Verisk Analytics’s payout ratio is currently 26.48%.
Several equities analysts have recently weighed in on VRSK shares. UBS Group upgraded shares of Verisk Analytics from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $196.00 to $177.00 in a research note on Monday, March 1st. Truist upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $225.00 in a research note on Tuesday, December 1st. Barclays increased their target price on Verisk Analytics from $220.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, December 17th. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research report on Thursday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised Verisk Analytics from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $196.00 in a report on Monday, March 15th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $191.69.
Verisk Analytics Profile
Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.
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