Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by American International Group Inc.

American International Group Inc. boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,401 shares of the business services provider’s stock after purchasing an additional 287 shares during the quarter. American International Group Inc.’s holdings in Verisk Analytics were worth $13,472,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRSK. CVA Family Office LLC purchased a new stake in shares of Verisk Analytics in the 4th quarter worth about $30,000. Frazier Financial Advisors LLC purchased a new stake in shares of Verisk Analytics in the fourth quarter valued at about $32,000. DSM Capital Partners LLC acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC increased its stake in shares of Verisk Analytics by 48.5% during the 4th 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Verisk Analytics by 25.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 221 shares of the business services provider’s stock worth $53,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

VRSK has been the subject of several recent research reports. BMO Capital Markets raised their price target on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI reiterated an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Verisk Analytics currently has an average rating of “Hold” and an average price target of $254.31.

Verisk Analytics Stock Up 0.8 %

Shares of VRSK opened at $264.37 on Monday. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $265.15. The company’s fifty day moving average is $241.79 and its two-hundred day moving average is $239.97. The firm has a market cap of $37.72 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 3.29 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The firm 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. Analysts forecast that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Verisk Analytics announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, 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 transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the sale, 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 ninety days, insiders have sold 9,546 shares of company stock worth $2,232,953. 0.40% of the stock is owned by company insiders.

About Verisk Analytics

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.