Ropes Wealth Advisors LLC Takes $39,000 Position in Verisk Analytics, Inc. (VRSK)

Ropes Wealth Advisors LLC acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 1st quarter, Holdings Channel reports. The fund acquired 294 shares of the business services provider’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Verisk Analytics by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 76,136 shares of the business services provider’s stock valued at $10,126,000 after acquiring an additional 252 shares during the last quarter. Tandem Investment Advisors Inc. boosted its stake in Verisk Analytics by 1.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 5,935 shares of the business services provider’s stock valued at $789,000 after acquiring an additional 88 shares during the last quarter. Truvestments Capital LLC bought a new position in Verisk Analytics during the 1st quarter valued at $61,000. Valeo Financial Advisors LLC boosted its stake in Verisk Analytics by 135.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 659 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 379 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in Verisk Analytics by 1.0% during the 1st quarter. Calamos Advisors LLC now owns 63,143 shares of the business services provider’s stock valued at $8,398,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Shares of NASDAQ:VRSK opened at $136.54 on Wednesday. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Verisk Analytics, Inc. has a 1-year low of $95.21 and a 1-year high of $138.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.49 and a current ratio of 0.49.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, February 19th. The business services provider reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.03). The business had revenue of $613.90 million for the quarter, compared to analyst estimates of $613.07 million. Verisk Analytics had a return on equity of 32.77% and a net margin of 25.00%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 4.46 EPS for the current year.

The firm also recently announced a special dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is 6.08%.

In related news, insider Vincent De P. Mccarthy sold 3,090 shares of the stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $114.09, for a total value of $352,538.10. Following the sale, the insider now owns 37,127 shares of the company’s stock, valued at approximately $4,235,819.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wright sold 11,250 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $125.27, for a total transaction of $1,409,287.50. Following the completion of the sale, the director now directly owns 32,291 shares in the company, valued at approximately $4,045,093.57. The disclosure for this sale can be found here. Insiders have sold 35,138 shares of company stock worth $4,389,117 over the last three months. 2.71% of the stock is owned by corporate insiders.

A number of research firms have commented on VRSK. Robert W. Baird set a $137.00 price objective on shares of Verisk Analytics and gave the company an “outperform” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 9th. UBS Group increased their price objective on shares of Verisk Analytics from $100.00 to $106.00 and gave the company a “sell” rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley set a $119.00 price objective on shares of Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $119.20.

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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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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