Torray LLC cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 178,937 shares of the business services provider’s stock after selling 4,406 shares during the quarter. Verisk Analytics comprises about 2.5% of Torray LLC’s investment portfolio, making the stock its 3rd largest position. Torray LLC’s holdings in Verisk Analytics were worth $23,799,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Harvest Group Wealth Management LLC acquired a new stake in Verisk Analytics in the 1st quarter valued at about $26,000. Bollard Group LLC acquired a new stake in Verisk Analytics in the 4th quarter valued at about $33,000. Executive Wealth Management LLC acquired a new stake in Verisk Analytics in the 4th quarter valued at about $33,000. Ropes Wealth Advisors LLC acquired a new stake in Verisk Analytics in the 1st quarter valued at about $39,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Verisk Analytics by 10,289.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,530,830 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4,487,221 shares during the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $128.82, for a total transaction of $386,460.00. Following the transaction, the director now directly owns 66,605 shares in the company, valued at approximately $8,580,056.10. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction, the director now owns 32,291 shares in the company, valued at $4,045,093.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,139 shares of company stock worth $4,461,097. Insiders own 2.71% of the company’s stock.
Shares of VRSK stock traded down $0.14 during trading hours on Friday, hitting $141.99. 186,745 shares of the company were exchanged, compared to its average volume of 667,536. The firm has a market cap of $23.04 billion, a P/E ratio of 34.55, a PEG ratio of 3.15 and a beta of 0.80. Verisk Analytics, Inc. has a 1 year low of $102.74 and a 1 year high of $143.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $618.14 million. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Analysts expect that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s payout ratio is currently 6.08%.
A number of brokerages recently commented on VRSK. Barclays reissued a “buy” rating and issued a $155.00 price objective on shares of Verisk Analytics in a research note on Sunday, May 5th. SunTrust Banks increased their price objective on shares of Verisk Analytics to $150.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Morgan Stanley set a $132.00 price objective on shares of Verisk Analytics and gave the company a “hold” rating in a research note on Thursday, May 2nd. UBS Group increased their price objective on shares of Verisk Analytics from $111.00 to $119.00 and gave the company a “sell” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $130.00.
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About Verisk Analytics
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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