Quest Partners LLC Invests $300,000 in Verisk Analytics, Inc. (NASDAQ:VRSK)

Quest Partners LLC Invests 0,000 in Verisk Analytics, Inc. (NASDAQ:VRSK)


Quest Partners LLC bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,257 shares of the business services provider’s stock, valued at approximately $300,000.

Several other large investors have also recently bought and sold shares of VRSK. Private Advisor Group LLC lifted its stake in shares of Verisk Analytics by 4.9% in the third quarter. Private Advisor Group LLC now owns 2,462 shares of the business services provider’s stock valued at $582,000 after buying an additional 116 shares during the period. Signaturefd LLC lifted its position in shares of Verisk Analytics by 9.0% in the 3rd quarter. Signaturefd LLC now owns 2,473 shares of the business services provider’s stock worth $584,000 after acquiring an additional 205 shares during the period. NBC Securities Inc. acquired a new stake in shares of Verisk Analytics during the 3rd quarter worth approximately $50,000. Ieq Capital LLC increased its position in shares of Verisk Analytics by 3.7% during the third quarter. Ieq Capital LLC now owns 4,732 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 167 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Verisk Analytics by 11.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,463 shares of the business services provider’s stock valued at $818,000 after purchasing an additional 351 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $254.31.

Check Out Our Latest Stock Report on Verisk Analytics

Verisk Analytics Trading Up 0.9 %

Shares of VRSK opened at $251.58 on Friday. Verisk Analytics, Inc. has a 52-week low of $215.17 and a 52-week high of $254.14. The company has a market cap of $35.90 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 3.10 and a beta of 0.79. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average price of $234.47 and a two-hundred day moving average price of $237.95.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. The business had revenue of $704.00 million for the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Analysts predict that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, June 14th. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Verisk Analytics announced that its board has approved a share repurchase plan on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Nicholas Daffan sold 1,531 shares of Verisk Analytics stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $236.12, for a total value of $361,499.72. Following the completion of the sale, the insider now directly owns 50,973 shares of the company’s stock, valued at approximately $12,035,744.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Nicholas Daffan sold 1,531 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $236.12, for a total value of $361,499.72. Following the transaction, the insider now owns 50,973 shares of the company’s stock, valued at approximately $12,035,744.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold 11,304 shares of company stock worth $2,648,390 in the last quarter. Insiders own 0.40% of the company’s stock.

Verisk Analytics Company Profile

(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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