Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,225 shares of the business services provider’s stock, valued at approximately $1,006,000.
Other large investors also recently modified their holdings of the company. Pitcairn Co. increased its position in shares of Verisk Analytics by 4.7% during the 4th quarter. Pitcairn Co. now owns 2,039 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 92 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Verisk Analytics by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 37,755 shares of the business services provider’s stock valued at $4,117,000 after purchasing an additional 1,057 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Verisk Analytics by 6.4% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,064,211 shares of the business services provider’s stock valued at $116,042,000 after purchasing an additional 64,135 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Verisk Analytics by 1.0% during the 4th quarter. CIBC Asset Management Inc now owns 41,211 shares of the business services provider’s stock valued at $4,494,000 after purchasing an additional 391 shares during the last quarter. Finally, Fiera Capital Corp increased its position in shares of Verisk Analytics by 3.3% during the 4th quarter. Fiera Capital Corp now owns 20,070 shares of the business services provider’s stock valued at $2,188,000 after purchasing an additional 632 shares during the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $111.71, for a total value of $345,183.90. Following the completion of the transaction, the insider now owns 37,127 shares in the company, valued at approximately $4,147,457.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $110.97, for a total value of $332,910.00. Following the completion of the transaction, the director now owns 69,605 shares of the company’s stock, valued at approximately $7,724,066.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,161 shares of company stock valued at $6,427,138. 3.19% of the stock is owned by corporate insiders.
Shares of VRSK opened at $128.43 on Friday. Verisk Analytics, Inc. has a fifty-two week low of $95.21 and a fifty-two week high of $129.30. The stock has a market capitalization of $20.97 billion, a P/E ratio of 31.25, a PEG ratio of 2.81 and a beta of 0.78. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.99.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, February 19th. The business services provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.03). Verisk Analytics had a return on equity of 32.77% and a net margin of 25.00%. The firm had revenue of $613.90 million during the quarter, compared to analysts’ expectations of $613.07 million. During the same period last year, the business posted $0.81 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that Verisk Analytics, Inc. will post 4.46 earnings per share for the current year.
The business also recently announced a special dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 14th.
VRSK has been the subject of several research analyst reports. Morgan Stanley set a $119.00 target price on Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, January 8th. UBS Group decreased their price objective on Verisk Analytics from $104.00 to $100.00 and set a “sell” rating for the company in a report on Tuesday, January 8th. Zacks Investment Research reissued a “hold” rating on shares of Verisk Analytics in a report on Saturday, November 17th. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 price objective on shares of Verisk Analytics in a report on Thursday, December 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $125.00 price objective on shares of Verisk Analytics in a report on Friday, December 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $118.70.
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Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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