Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) reached a new 52-week high during trading on Wednesday . The company traded as high as $144.20 and last traded at $143.98, with a volume of 4417 shares changing hands. The stock had previously closed at $143.19.
A number of analysts recently commented on the company. Barclays reiterated a “buy” rating and set a $155.00 price objective on shares of Verisk Analytics in a research report on Sunday, May 5th. Morgan Stanley set a $132.00 price objective on Verisk Analytics and gave the company a “hold” rating in a research report on Thursday, May 2nd. SunTrust Banks upped their price objective on Verisk Analytics to $150.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. UBS Group upped their price target on Verisk Analytics from $111.00 to $119.00 and gave the stock a “sell” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $130.00.
The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $23.42 billion, a P/E ratio of 35.09, a PEG ratio of 3.17 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. The business had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $618.14 million. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. Analysts forecast that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s payout ratio is 6.08%.
In related news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $128.82, for a total transaction of $386,460.00. Following the completion of the sale, the director now owns 66,605 shares in the company, valued at $8,580,056.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $424,517.94. Following the sale, the insider now owns 36,441 shares of the company’s stock, valued at approximately $5,004,806.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,049 shares of company stock valued at $4,075,094. Company insiders own 2.71% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Verisk Analytics by 250.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 995,252 shares of the business services provider’s stock worth $119,978,000 after purchasing an additional 711,385 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Verisk Analytics by 0.5% in the third quarter. TIAA CREF Investment Management LLC now owns 477,615 shares of the business services provider’s stock valued at $57,576,000 after acquiring an additional 2,219 shares during the last quarter. Legal & General Group Plc lifted its holdings in Verisk Analytics by 2.9% in the third quarter. Legal & General Group Plc now owns 768,672 shares of the business services provider’s stock valued at $92,672,000 after acquiring an additional 21,578 shares during the last quarter. Vanguard Group Inc lifted its stake in Verisk Analytics by 2.2% during the third quarter. Vanguard Group Inc now owns 16,255,397 shares of the business services provider’s stock worth $1,959,589,000 after purchasing an additional 345,631 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new position in Verisk Analytics during the fourth quarter worth $237,000. Hedge funds and other institutional investors own 92.55% of the company’s stock.
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About Verisk Analytics (NASDAQ:VRSK)
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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