Public Employees Retirement Association of Colorado trimmed its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,717 shares of the business services provider’s stock after selling 5,856 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Verisk Analytics were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. purchased a new position in Verisk Analytics during the first quarter valued at approximately $729,000. Hengehold Capital Management LLC purchased a new position in Verisk Analytics during the first quarter valued at approximately $215,000. Janney Montgomery Scott LLC grew its position in Verisk Analytics by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 10,416 shares of the business services provider’s stock valued at $1,385,000 after purchasing an additional 505 shares in the last quarter. Dupont Capital Management Corp grew its position in Verisk Analytics by 62.3% during the first quarter. Dupont Capital Management Corp now owns 67,123 shares of the business services provider’s stock valued at $8,927,000 after purchasing an additional 25,764 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Verisk Analytics during the first quarter valued at approximately $102,000. Institutional investors own 93.52% of the company’s stock.
Shares of VRSK traded down $2.35 during trading hours on Wednesday, hitting $139.67. The stock had a trading volume of 857,105 shares, compared to its average volume of 710,576. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $144.48. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.18 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $618.14 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Verisk Analytics, Inc. will post 4.42 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 6.08%.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $128.82, for a total transaction of $386,460.00. Following the sale, the director now owns 66,605 shares of the company’s stock, valued at approximately $8,580,056.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent De P. Mccarthy sold 3,091 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $137.34, for a total transaction of $424,517.94. Following the sale, the insider now directly owns 36,441 shares in the company, valued at approximately $5,004,806.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,299 shares of company stock worth $1,601,607. Insiders own 2.71% of the company’s stock.
Several analysts have commented on the stock. Barclays reissued a “buy” rating and issued a $155.00 target price on shares of Verisk Analytics in a research report on Sunday, May 5th. Zacks Investment Research downgraded shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. UBS Group boosted their target price on shares of Verisk Analytics from $100.00 to $106.00 and gave the stock a “sell” rating in a research report on Tuesday, March 12th. SunTrust Banks boosted their target price on shares of Verisk Analytics to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Finally, Robert W. Baird set a $137.00 target price on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $130.00.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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