Harvest Group Wealth Management LLC acquired a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 192 shares of the business services provider’s stock, valued at approximately $26,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Suntrust Banks Inc. raised its holdings in shares of Verisk Analytics by 0.4% in the fourth quarter. Suntrust Banks Inc. now owns 22,973 shares of the business services provider’s stock valued at $2,504,000 after acquiring an additional 86 shares in the last quarter. Tandem Investment Advisors Inc. raised its holdings in shares of Verisk Analytics by 1.5% in the first quarter. Tandem Investment Advisors Inc. now owns 5,935 shares of the business services provider’s stock valued at $789,000 after acquiring an additional 88 shares in the last quarter. Pitcairn Co. raised its holdings in Verisk Analytics by 4.7% in the fourth quarter. Pitcairn Co. now owns 2,039 shares of the business services provider’s stock worth $223,000 after purchasing an additional 92 shares in the last quarter. Kaizen Advisory LLC raised its holdings in Verisk Analytics by 26.2% in the fourth quarter. Kaizen Advisory LLC now owns 462 shares of the business services provider’s stock worth $50,000 after purchasing an additional 96 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in Verisk Analytics by 0.3% in the fourth quarter. Utah Retirement Systems now owns 29,920 shares of the business services provider’s stock worth $3,262,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
VRSK has been the subject of a number of recent research reports. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 9th. Barclays reiterated a “buy” rating and issued a $155.00 target price on shares of Verisk Analytics in a report on Sunday, May 5th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Morgan Stanley set a $132.00 target price on shares of Verisk Analytics and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, SunTrust Banks boosted their target price on shares of Verisk Analytics to $150.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $130.00.
Shares of VRSK stock opened at $139.18 on Tuesday. Verisk Analytics, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $143.67. The stock has a market cap of $23.00 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.80. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $618.14 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s payout ratio is 6.08%.
Verisk Analytics 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.
See Also: What is cost of equity?
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK).
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.