Heritage Wealth Management LLC bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,645 shares of the business services provider’s stock, valued at approximately $287,000.
Other institutional investors have also bought and sold shares of the company. CSat Investment Advisory L.P. grew its position in Verisk Analytics by 80.0% during the first quarter. CSat Investment Advisory L.P. now owns 171 shares of the business services provider’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Trustcore Financial Services LLC grew its position in Verisk Analytics by 143.2% during the second quarter. Trustcore Financial Services LLC now owns 214 shares of the business services provider’s stock worth $37,000 after buying an additional 126 shares in the last quarter. Sycomore Asset Management purchased a new position in Verisk Analytics during the first quarter worth about $61,000. Key Financial Inc grew its position in Verisk Analytics by 18.7% during the second quarter. Key Financial Inc now owns 356 shares of the business services provider’s stock worth $68,000 after buying an additional 56 shares in the last quarter. Finally, Solstein Capital LLC purchased a new position in Verisk Analytics during the first quarter worth about $68,000. Institutional investors and hedge funds own 87.85% of the company’s stock.
Several equities analysts recently commented on VRSK shares. BMO Capital Markets boosted their target price on Verisk Analytics from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, August 5th. They noted that the move was a valuation call. Raymond James upped their price objective on Verisk Analytics from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, August 9th. Finally, Morgan Stanley cut their price objective on Verisk Analytics from $209.00 to $207.00 and set an “overweight” rating for the company in a report on Thursday, August 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $205.89.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Monday, August 2nd. The business services provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). Verisk Analytics had a net margin of 23.69% and a return on equity of 30.92%. The company had revenue of $747.50 million during the quarter, compared to the consensus estimate of $733.06 million. During the same period last year, the firm posted $1.29 EPS. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 5.16 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, September 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 23.02%.
In other Verisk Analytics news, Director Samuel G. Liss sold 12,807 shares of the company’s stock in a transaction that occurred on Thursday, June 24th. The stock was sold at an average price of $172.57, for a total transaction of $2,210,103.99. Following the completion of the transaction, the director now owns 63,010 shares of the company’s stock, valued at approximately $10,873,635.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wright sold 3,870 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $203.28, for a total value of $786,693.60. Following the transaction, the director now directly owns 17,688 shares of the company’s stock, valued at approximately $3,595,616.64. The disclosure for this sale can be found here. In the last three months, insiders sold 17,643 shares of company stock valued at $3,179,106. 2.28% of the stock is currently owned by corporate insiders.
Verisk Analytics Profile
Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.
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