Verisk Analytics, Inc. (NASDAQ:VRSK - Get Free Report) insider Nicholas Daffan sold 1,554 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the sale, the insider now directly owns 51,715 shares of the company's stock, valued at $11,528,824.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Nicholas Daffan also recently made the following trade(s):
- On Tuesday, March 12th, Nicholas Daffan sold 1,531 shares of Verisk Analytics stock. The stock was sold at an average price of $236.12, for a total transaction of $361,499.72.
- On Monday, February 12th, Nicholas Daffan sold 1,507 shares of Verisk Analytics stock. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75.
- On Tuesday, January 16th, Nicholas Daffan sold 25 shares of Verisk Analytics stock. The stock was sold at an average price of $235.48, for a total transaction of $5,887.00.
Verisk Analytics Stock Down 0.2 %
Verisk Analytics stock opened at $222.18 on Tuesday. The stock has a market capitalization of $31.71 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. Verisk Analytics, Inc. has a twelve month low of $187.86 and a twelve month high of $251.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 8.85. The company has a 50 day moving average of $237.39 and a 200-day moving average of $237.56.
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Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The business had revenue of $677.20 million for the quarter, compared to analyst estimates of $673.56 million. During the same quarter in the previous year, the company posted $1.43 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.48 EPS for the current fiscal year.
Verisk Analytics declared that its Board of Directors has approved a stock buyback program on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
Verisk Analytics Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.39 per share. This is a boost from Verisk Analytics's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 annualized dividend and a yield of 0.70%. Verisk Analytics's dividend payout ratio is presently 37.05%.
Analyst Upgrades and Downgrades
VRSK has been the subject of a number of recent research reports. Bank of America downgraded shares of Verisk Analytics from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $270.00 to $260.00 in a research note on Monday, January 8th. Evercore ISI reaffirmed an "in-line" rating and issued a $250.00 target price on shares of Verisk Analytics in a research note on Tuesday, March 26th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Verisk Analytics has a consensus rating of "Hold" and a consensus price target of $252.00.
Get Our Latest Report on VRSK
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in VRSK. Morgan Stanley boosted its holdings in Verisk Analytics by 248.2% during the fourth quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider's stock worth $664,346,000 after purchasing an additional 2,684,234 shares during the last quarter. Citigroup Inc. lifted its stake in Verisk Analytics by 1,404.8% in the third quarter. Citigroup Inc. now owns 1,992,727 shares of the business services provider's stock valued at $470,762,000 after acquiring an additional 1,860,298 shares during the last quarter. Norges Bank acquired a new stake in Verisk Analytics in the fourth quarter valued at $374,530,000. Franklin Resources Inc. lifted its stake in Verisk Analytics by 90.5% in the fourth quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider's stock valued at $272,663,000 after acquiring an additional 542,432 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Verisk Analytics by 35.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,865,533 shares of the business services provider's stock valued at $445,601,000 after acquiring an additional 487,335 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.
About Verisk Analytics
(
Get 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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