Meadow Creek Investment Management LLC lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,376 shares of the business services provider’s stock after buying 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 SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Verisk Analytics by 112.8% during the first quarter. Signaturefd LLC now owns 200 shares of the business services provider’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Glassman Wealth Services lifted its stake in shares of Verisk Analytics by 43.4% in the first quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock worth $33,000 after acquiring an additional 75 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Verisk Analytics by 44.6% in the second quarter. Commonwealth Bank of Australia now owns 337 shares of the business services provider’s stock worth $47,000 after acquiring an additional 104 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Verisk Analytics in the first quarter worth approximately $53,000. Finally, Ibex Wealth Advisors acquired a new position in shares of Verisk Analytics in the second quarter worth approximately $57,000. 91.40% of the stock is owned by institutional investors.
Several equities analysts have issued reports on VRSK shares. UBS Group boosted their price target on Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research note on Wednesday, July 10th. Bank of America boosted their price target on Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $138.89.
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 analysts’ consensus estimates of $1.10. The firm had revenue of $652.60 million during the quarter, compared to the consensus estimate of $642.61 million. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. Equities analysts expect that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The firm 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 $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.33%.
In other Verisk Analytics news, Director Constantine Iordanou sold 2,122 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total value of $324,687.22. Following the completion of the transaction, the director now owns 59,214 shares in the company, valued at approximately $9,060,334.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wright sold 14,728 shares of the company’s 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 completion of 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 owned by corporate insiders.
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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