Keybank National Association OH raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 54.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,808 shares of the business services provider’s stock after purchasing an additional 5,230 shares during the period. Keybank National Association OH’s holdings in Verisk Analytics were worth $1,969,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Verisk Analytics by 250.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 995,252 shares of the business services provider’s stock valued at $119,978,000 after buying an additional 711,385 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Verisk Analytics by 0.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 477,615 shares of the business services provider’s stock valued at $57,576,000 after buying an additional 2,219 shares during the last quarter. Legal & General Group Plc raised its position in Verisk Analytics by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 768,672 shares of the business services provider’s stock valued at $92,672,000 after buying an additional 21,578 shares during the last quarter. Vanguard Group Inc raised its position in Verisk Analytics by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 16,255,397 shares of the business services provider’s stock valued at $1,959,589,000 after buying an additional 345,631 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in Verisk Analytics in the 4th quarter valued at $237,000. 92.63% of the stock is owned by institutional investors and hedge funds.
VRSK has been the subject of a number of analyst reports. UBS Group increased their price target on Verisk Analytics from $106.00 to $111.00 and gave the company a “sell” rating in a research report on Tuesday, April 9th. Barclays reissued a “buy” rating and issued a $155.00 price target on shares of Verisk Analytics in a research report on Sunday, May 5th. SunTrust Banks increased their price target on Verisk Analytics to $150.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and a consensus price target of $130.00.
VRSK opened at $142.21 on Friday. 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, Inc. has a 1 year low of $102.74 and a 1 year high of $144.48. The company has a market cap of $23.27 billion, a P/E ratio of 34.60, a P/E/G ratio of 3.20 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.03. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $618.14 million. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. Verisk Analytics’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Research analysts forecast that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 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.
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