Outlook Wealth Advisors LLC Increases Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Outlook Wealth Advisors LLC boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 27.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,153 shares of the business services provider’s stock after buying an additional 248 shares during the period. Outlook Wealth Advisors LLC’s holdings in Verisk Analytics were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its stake in Verisk Analytics by 20.5% in the third quarter. Exchange Traded Concepts LLC now owns 4,654 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 791 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Verisk Analytics by 61.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 5,441 shares of the business services provider’s stock worth $1,285,000 after acquiring an additional 2,077 shares during the last quarter. UMB Bank n.a. boosted its holdings in Verisk Analytics by 1.4% during the 3rd quarter. UMB Bank n.a. now owns 9,101 shares of the business services provider’s stock valued at $2,150,000 after acquiring an additional 126 shares during the period. Harvey Investment Co. LLC grew its position in Verisk Analytics by 6.0% in the 3rd quarter. Harvey Investment Co. LLC now owns 144,755 shares of the business services provider’s stock valued at $34,197,000 after acquiring an additional 8,210 shares during the last quarter. Finally, Czech National Bank increased its stake in Verisk Analytics by 47.9% in the third quarter. Czech National Bank now owns 25,348 shares of the business services provider’s stock worth $5,988,000 after purchasing an additional 8,207 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on VRSK shares. Evercore ISI reaffirmed an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. Bank of America cut Verisk Analytics from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $270.00 to $260.00 in a research note on Monday, January 8th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Verisk Analytics has a consensus rating of “Hold” and an average target price of $252.00.

Insider Buying and Selling

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $222.93, for a total transaction of $346,433.22. Following the transaction, the insider now owns 51,715 shares in the company, valued at approximately $11,528,824.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the sale, the insider now owns 51,715 shares in the company, valued at approximately $11,528,824.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 227 shares of the firm’s 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 transaction, the insider now owns 7,796 shares of the company’s stock, valued at $1,852,407.56. The disclosure for this sale can be found here. Insiders sold 11,300 shares of company stock worth $2,647,952 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Down 0.7 %

Shares of NASDAQ VRSK traded down $1.65 during trading hours on Friday, hitting $221.14. 815,689 shares of the stock were exchanged, compared to its average volume of 855,469. Verisk Analytics, Inc. has a 12 month low of $187.86 and a 12 month high of $251.98. The firm has a fifty day moving average price of $232.86 and a 200-day moving average price of $236.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 8.85. The company has a market cap of $31.57 billion, a PE ratio of 52.53, a PEG ratio of 2.78 and a beta of 0.78.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.04). Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The business had revenue of $677.20 million for the quarter, compared to analyst estimates of $673.56 million. During the same period in the previous year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 6.48 EPS for the current year.

Verisk Analytics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.39 dividend. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 37.05%.

Verisk Analytics announced that its board has approved a stock repurchase plan on Wednesday, February 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.