Meadow Creek Investment Management LLC increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,376 shares of the business services provider’s stock after acquiring an additional 204 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Verisk Analytics were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AKO Capital LLP bought a new stake in shares of Verisk Analytics in the 1st quarter worth approximately $93,699,000. Federated Investors Inc. PA grew its position in shares of Verisk Analytics by 129.7% in the 1st quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock worth $108,594,000 after buying an additional 461,047 shares during the last quarter. FMR LLC grew its position in shares of Verisk Analytics by 2,216.3% in the 1st quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock worth $56,511,000 after buying an additional 406,553 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $37,464,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $20,094,000. Institutional investors and hedge funds own 91.40% of the company’s stock.
In other Verisk Analytics news, Director Constantine Iordanou sold 2,122 shares of Verisk Analytics stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total transaction of $324,687.22. Following the completion of the transaction, the director now owns 59,214 shares in the company, valued at $9,060,334.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wright sold 14,728 shares of Verisk Analytics stock in a transaction 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 transaction, the director now owns 26,207 shares of the company’s stock, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. 2.71% of the stock is currently owned by insiders.
NASDAQ:VRSK traded down $0.30 during trading hours on Friday, reaching $157.13. 17,339 shares of the company traded hands, compared to its average volume of 623,516. The business’s 50-day moving average price is $156.59 and its two-hundred day moving average price is $143.70. The stock has a market capitalization of $25.36 billion, a P/E ratio of 38.28, a P/E/G ratio of 3.46 and a beta of 0.72. Verisk Analytics, Inc. has a 1 year low of $102.74 and a 1 year high of $164.97. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.21.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.10. The business had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 12th. Verisk Analytics’s payout ratio is 24.33%.
A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, UBS Group lifted their price objective on Verisk Analytics from $119.00 to $124.00 and gave the stock a “sell” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $138.89.
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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