Verisk Analytics (NASDAQ:VRSK) Reaches New 12-Month High Following Better-Than-Expected Earnings

Verisk Analytics, Inc. (NASDAQ:VRSK) shares reached a new 52-week high during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $171.73 and last traded at $171.38, with a volume of 72644 shares changing hands. The stock had previously closed at $171.38.

The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Verisk Analytics had a net margin of 17.26% and a return on equity of 33.93%. The business had revenue of $676.80 million for the quarter, compared to analysts’ expectations of $670.50 million. During the same period last year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.27 per share. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 0.64%. Verisk Analytics’s dividend payout ratio (DPR) is presently 22.83%.

A number of brokerages have commented on VRSK. JPMorgan Chase & Co. increased their price target on shares of Verisk Analytics from $165.00 to $188.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating and set a $162.00 price target on the stock. in a research report on Monday, January 6th. BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 30th. Robert W. Baird increased their price target on shares of Verisk Analytics from $184.00 to $191.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, UBS Group raised their target price on shares of Verisk Analytics from $148.00 to $151.00 and gave the stock a “sell” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $165.75.

In related news, CAO David J. Grover sold 6,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $145.62, for a total value of $873,720.00. Following the completion of the sale, the chief accounting officer now owns 12,931 shares of the company’s stock, valued at $1,883,012.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark V. Anquillare sold 26,250 shares of Verisk Analytics stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $168.93, for a total transaction of $4,434,412.50. Following the completion of the sale, the chief operating officer now owns 91,581 shares in the company, valued at approximately $15,470,778.33. The disclosure for this sale can be found here. Insiders sold 135,132 shares of company stock worth $21,217,951 over the last three months. 2.71% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Verisk Analytics by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 714,346 shares of the business services provider’s stock valued at $106,681,000 after purchasing an additional 16,564 shares in the last quarter. Citizens Financial Group Inc RI lifted its stake in shares of Verisk Analytics by 99.1% in the 3rd quarter. Citizens Financial Group Inc RI now owns 233 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 116 shares during the period. Stifel Financial Corp lifted its stake in shares of Verisk Analytics by 27.6% in the 3rd quarter. Stifel Financial Corp now owns 80,776 shares of the business services provider’s stock valued at $12,747,000 after purchasing an additional 17,484 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Verisk Analytics by 97.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 133,400 shares of the business services provider’s stock valued at $21,096,000 after purchasing an additional 66,000 shares in the last quarter. Finally, National Pension Service boosted its position in shares of Verisk Analytics by 5.0% during the third quarter. National Pension Service now owns 231,115 shares of the business services provider’s stock valued at $36,549,000 after purchasing an additional 11,059 shares in the last quarter. 88.86% of the stock is currently owned by institutional investors and hedge funds.

The company has a market capitalization of $28.11 billion, a PE ratio of 62.51, a PEG ratio of 3.37 and a beta of 0.68. The company has a 50 day moving average of $162.40 and a two-hundred day moving average of $154.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.85 and a quick ratio of 0.85.

Verisk Analytics Company Profile (NASDAQ:VRSK)

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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