Stephens Investment Management Group LLC Purchases 6,272 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

by · The Cerbat Gem

Stephens Investment Management Group LLC boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 326,143 shares of the business services provider’s stock after purchasing an additional 6,272 shares during the quarter. Verisk Analytics makes up approximately 1.2% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 22nd largest holding. Stephens Investment Management Group LLC owned about 0.23% of Verisk Analytics worth $87,393,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Verisk Analytics by 1.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 362,915 shares of the business services provider’s stock valued at $85,550,000 after acquiring an additional 4,147 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Verisk Analytics by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 15,731 shares of the business services provider’s stock valued at $3,708,000 after acquiring an additional 70 shares in the last quarter. Norden Group LLC acquired a new position in shares of Verisk Analytics during the first quarter valued at about $1,997,000. First Trust Direct Indexing L.P. increased its holdings in Verisk Analytics by 6.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,371 shares of the business services provider’s stock worth $1,030,000 after buying an additional 249 shares during the period. Finally, Maryland State Retirement & Pension System increased its holdings in Verisk Analytics by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 11,198 shares of the business services provider’s stock worth $2,479,000 after buying an additional 303 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VRSK. Morgan Stanley increased their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Robert W. Baird raised their target price on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. BMO Capital Markets decreased their price objective on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research note on Thursday, August 1st. Finally, Barclays boosted their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and an average price target of $280.00.

Get Our Latest Stock Report on Verisk Analytics

Verisk Analytics Trading Down 0.3 %

VRSK opened at $274.72 on Friday. The firm has a market cap of $39.13 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 3.50 and a beta of 0.86. Verisk Analytics, Inc. has a 52 week low of $215.32 and a 52 week high of $287.13. The business’s 50 day moving average is $268.92 and its two-hundred day moving average is $261.87. The company has a quick ratio of 0.95, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, research analysts predict that Verisk Analytics, Inc. will post 6.58 EPS for the current year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio is currently 24.34%.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Company Profile

(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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