Elo Mutual Pension Insurance Co Has $3.04 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Elo Mutual Pension Insurance Co grew its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,711 shares of the business services provider’s stock after buying an additional 593 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Verisk Analytics were worth $3,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRSK. CVA Family Office LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $30,000. Frazier Financial Advisors LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $32,000. DSM Capital Partners LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $33,000. Global Retirement Partners LLC grew its holdings in shares of Verisk Analytics by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 49 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Verisk Analytics by 506.5% during the 3rd quarter. Manchester Capital Management LLC now owns 188 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 157 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Trading Down 0.2 %

NASDAQ:VRSK opened at $263.48 on Tuesday. The firm’s fifty day moving average is $239.04 and its 200-day moving average is $239.30. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. Verisk Analytics, Inc. has a 52 week low of $215.32 and a 52 week high of $264.94. The firm has a market cap of $37.59 billion, a P/E ratio of 49.16, a P/E/G ratio of 3.28 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The company had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. During the same period in the prior year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

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

Verisk Analytics Announces Dividend

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

Insider Activity

In related 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 transaction of $1,510,461.86. Following the transaction, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction of $1,510,461.86. Following the transaction, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction on Monday, May 13th. The shares were 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 in the company, valued at approximately $13,066,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,546 shares of company stock valued at $2,232,953. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRSK. Evercore ISI reaffirmed an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a report on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $254.31.

View Our Latest Stock Report on VRSK

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.

See Also

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

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