State of Michigan Retirement System Has $10.28 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

State of Michigan Retirement System increased its position in Verisk Analytics, Inc. (NASDAQ:VRSKFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,056 shares of the business services provider’s stock after buying an additional 800 shares during the quarter. State of Michigan Retirement System’s holdings in Verisk Analytics were worth $10,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norris Perne & French LLP MI increased its stake in shares of Verisk Analytics by 0.3% in the fourth quarter. Norris Perne & French LLP MI now owns 82,491 shares of the business services provider’s stock valued at $19,704,000 after buying an additional 245 shares during the period. Hutchens & Kramer Investment Management Group LLC increased its stake in shares of Verisk Analytics by 12.6% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,066 shares of the business services provider’s stock valued at $255,000 after buying an additional 119 shares during the period. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Verisk Analytics by 9.1% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,407 shares of the business services provider’s stock valued at $336,000 after buying an additional 117 shares during the period. Atlas Private Wealth Management increased its stake in shares of Verisk Analytics by 1.8% in the fourth quarter. Atlas Private Wealth Management now owns 5,594 shares of the business services provider’s stock valued at $1,336,000 after buying an additional 97 shares during the period. Finally, Griffin Asset Management Inc. increased its stake in shares of Verisk Analytics by 11.4% in the fourth quarter. Griffin Asset Management Inc. now owns 11,340 shares of the business services provider’s stock valued at $2,709,000 after buying an additional 1,159 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VRSK. Bank of America downgraded shares of Verisk Analytics from a “buy” rating to a “neutral” rating and decreased their target price for the company from $270.00 to $260.00 in a research report on Monday, January 8th. Evercore ISI restated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $253.00 target price (up from $252.00) on shares of Verisk Analytics in a report on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $252.00.

View Our Latest Analysis on VRSK

Verisk Analytics Trading Down 0.3 %

Shares of Verisk Analytics stock opened at $231.99 on Wednesday. Verisk Analytics, Inc. has a 1 year low of $186.96 and a 1 year high of $251.98. The firm has a market cap of $33.27 billion, a PE ratio of 55.10, a P/E/G ratio of 2.90 and a beta of 0.78. The stock has a fifty day moving average price of $241.04 and a 200-day moving average price of $238.72. The company has a debt-to-equity ratio of 8.85, a current ratio of 1.05 and a quick ratio of 1.05.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a net margin of 22.92% and a return on equity of 305.15%. The business had revenue of $677.20 million for the quarter, compared to analysts’ expectations of $673.56 million. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.48 EPS for the current year.

Verisk Analytics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 annualized dividend and a yield of 0.67%. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.34. Verisk Analytics’s dividend payout ratio (DPR) is 37.05%.

Verisk Analytics announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total value of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Kathy Card Beckles sold 227 shares of Verisk Analytics stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total value of $53,937.47. Following the completion of the sale, the insider now owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the sale, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,278 shares of company stock valued at $2,662,515. 1.31% of the stock is owned by insiders.

Verisk Analytics Profile

(Free Report)

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.

Featured Articles

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:VRSKFree Report).

Institutional Ownership by Quarter for Verisk Analytics (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.