Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,615 shares of the business services provider’s stock after purchasing an additional 11,445 shares during the period. King Luther Capital Management Corp owned 0.11% of Verisk Analytics worth $39,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CVA Family Office LLC bought a new position in shares of Verisk Analytics during the 4th quarter valued at about $30,000. Global Retirement Partners LLC boosted its position in Verisk Analytics by 48.5% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares during the period. NewSquare Capital LLC bought a new stake in Verisk Analytics during the third quarter worth approximately $39,000. Manchester Capital Management LLC boosted its position in shares of Verisk Analytics by 506.5% in the third quarter. Manchester Capital Management LLC now owns 188 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 157 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Verisk Analytics in the third quarter valued at approximately $50,000. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the sale, the insider now directly owns 52,500 shares in the company, valued at approximately $13,066,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The disclosure for this sale can be found here. In the last three months, insiders sold 11,304 shares of company stock worth $2,648,390. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Trading Up 0.4 %

Verisk Analytics stock traded up $1.09 during mid-day trading on Wednesday, hitting $252.59. The stock had a trading volume of 330,682 shares, compared to its average volume of 870,695. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. Verisk Analytics, Inc. has a 12 month low of $214.67 and a 12 month high of $254.08. The stock has a market capitalization of $36.04 billion, a PE ratio of 47.26, a P/E/G ratio of 3.08 and a beta of 0.79. The stock has a 50-day simple moving average of $233.45 and a two-hundred day simple moving average of $237.58.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.52 by $0.11. The company had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. As a group, sell-side analysts forecast that Verisk Analytics, Inc. will post 6.53 EPS for the current year.

Verisk Analytics declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. Verisk Analytics’s payout ratio is 29.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VRSK shares. Evercore ISI restated an “in-line” rating and issued a $250.00 target price on shares of Verisk Analytics in a research note on Tuesday, March 26th. BMO Capital Markets upped their target price on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $254.31.

Verisk Analytics Company Profile

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.