GAMMA Investing LLC Has $359,000 Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

GAMMA Investing LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,521 shares of the business services provider’s stock after purchasing an additional 112 shares during the quarter. GAMMA Investing LLC’s holdings in Verisk Analytics were worth $359,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Westpac Banking Corp grew its holdings in shares of Verisk Analytics by 94.8% during the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after purchasing an additional 605 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Verisk Analytics by 10.9% during the 4th quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock worth $82,800,000 after buying an additional 34,077 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Verisk Analytics by 225.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock worth $48,993,000 after buying an additional 142,088 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Verisk Analytics by 64.2% during the 4th quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock worth $1,966,000 after buying an additional 3,219 shares during the last quarter. Finally, Fenimore Asset Management Inc. lifted its position in shares of Verisk Analytics by 421.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after buying an additional 60,957 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on VRSK shares. Evercore ISI restated an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets upped their price objective 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. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $254.31.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CAO David J. Grover sold 6,481 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 12,140 shares in the company, valued at $2,829,348.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares in the company, valued at $4,356,444.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,746 shares of company stock worth $2,285,415 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $268.80 on Thursday. The business’s fifty day simple moving average is $244.27 and its 200 day simple moving average is $240.54. The firm has a market capitalization of $38.35 billion, a P/E ratio of 50.15, a price-to-earnings-growth ratio of 3.34 and a beta of 0.83. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $270.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. Verisk Analytics’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. As a group, analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.58%. Verisk Analytics’s payout ratio is presently 29.10%.

Verisk Analytics declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Verisk Analytics 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.