Virtue Capital Management LLC reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 34.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,535 shares of the business services provider’s stock after selling 1,346 shares during the period. Verisk Analytics accounts for approximately 0.5% of Virtue Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Virtue Capital Management LLC’s holdings in Verisk Analytics were worth $353,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new stake in shares of Verisk Analytics during the fourth quarter worth $36,000. Great Diamond Partners LLC acquired a new stake in shares of Verisk Analytics during the fourth quarter worth $42,000. Truvestments Capital LLC acquired a new stake in shares of Verisk Analytics during the first quarter worth $42,000. Key Financial Inc acquired a new stake in shares of Verisk Analytics during the first quarter worth $44,000. Finally, Citizens Financial Group Inc RI grew its stake in shares of Verisk Analytics by 36.9% during the first quarter. Citizens Financial Group Inc RI now owns 319 shares of the business services provider’s stock worth $44,000 after purchasing an additional 86 shares during the period. 88.86% of the stock is owned by institutional investors.
VRSK has been the topic of several recent analyst reports. BMO Capital Markets reduced their target price on Verisk Analytics from $165.00 to $156.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Verisk Analytics from $165.00 to $188.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Deutsche Bank lifted their target price on Verisk Analytics from $154.00 to $162.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Robert W. Baird lifted their target price on Verisk Analytics from $163.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Barclays reduced their target price on Verisk Analytics from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $166.07.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.04. Verisk Analytics had a return on equity of 34.93% and a net margin of 18.23%. The business had revenue of $689.80 million for the quarter, compared to analyst estimates of $677.79 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. Verisk Analytics’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 4.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.08 annualized dividend and a yield of 0.63%. Verisk Analytics’s payout ratio is presently 24.66%.
In other Verisk Analytics news, Director Samuel G. Liss sold 16,851 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $163.34, for a total transaction of $2,752,442.34. Following the transaction, the director now owns 54,889 shares of the company’s stock, valued at $8,965,569.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO David J. Grover sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $170.90, for a total value of $769,050.00. Following the transaction, the chief accounting officer now directly owns 12,264 shares in the company, valued at approximately $2,095,917.60. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.
Verisk Analytics Company 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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