Westwind Capital Boosts Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Westwind Capital raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,860 shares of the business services provider’s stock after buying an additional 1,342 shares during the quarter. Verisk Analytics comprises about 2.9% of Westwind Capital’s investment portfolio, making the stock its 16th biggest position. Westwind Capital’s holdings in Verisk Analytics were worth $11,519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Westpac Banking Corp grew its stake in Verisk Analytics by 94.8% in the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after acquiring an additional 605 shares during the period. Federated Hermes Inc. increased its stake in Verisk Analytics by 10.9% in the fourth quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after purchasing an additional 34,077 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Verisk Analytics by 225.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock valued at $48,993,000 after purchasing an additional 142,088 shares during the last quarter. Pinebridge Investments L.P. lifted its position in Verisk Analytics by 64.2% during the fourth quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock worth $1,966,000 after buying an additional 3,219 shares during the period. Finally, Fenimore Asset Management Inc. boosted its stake in Verisk Analytics by 421.9% in the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after buying an additional 60,957 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other news, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares in the company, valued at $2,829,348.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total value of $346,433.22. Following the transaction, the insider now owns 51,715 shares in the company, valued at $11,528,824.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,746 shares of company stock worth $2,285,415. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Trading Up 0.4 %

VRSK traded up $1.11 during trading on Wednesday, hitting $268.80. 655,742 shares of the company’s stock were exchanged, compared to its average volume of 745,818. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $270.38. The stock has a 50 day moving average price of $244.27 and a 200 day moving average price of $240.54. The firm has a market cap of $38.35 billion, a P/E ratio of 50.15, a price-to-earnings-growth ratio of 3.33 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The firm had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the prior year, the company earned $1.29 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics announced that its board has authorized a share repurchase program on Wednesday, February 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.58%. Verisk Analytics’s dividend payout ratio (DPR) is currently 29.10%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and issued a $250.00 target price on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and an average price target of $254.31.

View Our Latest Stock Report on Verisk Analytics

About Verisk Analytics

(Free Report)

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.

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

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