Neuburgh Advisers LLC Increases Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)
Neuburgh Advisers LLC boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% during the second quarter, Holdings Channel.com reports. The fund owned 5,824 shares of the business services provider’s stock after purchasing an additional 96 shares during the quarter. Neuburgh Advisers LLC’s holdings in Verisk Analytics were worth $853,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VRSK. Harvest Group Wealth Management LLC acquired a new stake in shares of Verisk Analytics in the first quarter valued at about $26,000. Signaturefd LLC raised its position in shares of Verisk Analytics by 112.8% during the 1st quarter. Signaturefd LLC now owns 200 shares of the business services provider’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Glassman Wealth Services lifted its stake in Verisk Analytics by 43.4% in the 1st quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock valued at $33,000 after buying an additional 75 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in Verisk Analytics in the 1st quarter valued at about $53,000. Finally, Ibex Wealth Advisors acquired a new stake in Verisk Analytics in the 2nd quarter worth about $57,000. 91.40% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Constantine Iordanou sold 2,122 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total value of $324,687.22. Following the completion of the sale, the director now directly owns 59,214 shares in the company, valued at $9,060,334.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Wright sold 14,728 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total value of $2,241,454.32. Following the completion of the sale, the director now owns 26,207 shares of the company’s stock, valued at $3,988,443.33. The disclosure for this sale can be found here. 2.71% of the stock is currently owned by corporate insiders.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. The firm had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. As a group, research analysts predict that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.00 annualized dividend and a yield of 0.65%. Verisk Analytics’s dividend payout ratio is presently 24.33%.
Several equities research analysts have commented on VRSK shares. Bank of America boosted their price objective on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group increased their target price on Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a report on Wednesday, July 10th. Finally, BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $138.89.
Verisk Analytics 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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