Alaska Permanent Fund Corp Invests $105,000 in Verisk Analytics, Inc. (NASDAQ:VRSK)

Alaska Permanent Fund Corp acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 445 shares of the business services provider’s stock, valued at approximately $105,000.

A number of other hedge funds have also modified their holdings of VRSK. Smithfield Trust Co lifted its holdings in Verisk Analytics by 6.3% in the 4th quarter. Smithfield Trust Co now owns 727 shares of the business services provider’s stock worth $175,000 after buying an additional 43 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Verisk Analytics by 25.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 221 shares of the business services provider’s stock worth $53,000 after buying an additional 45 shares in the last quarter. Wealth Alliance lifted its holdings in Verisk Analytics by 4.3% in the 4th quarter. Wealth Alliance now owns 1,147 shares of the business services provider’s stock worth $274,000 after buying an additional 47 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after buying an additional 49 shares in the last quarter. Finally, Weil Company Inc. lifted its holdings in Verisk Analytics by 0.5% in the 4th quarter. Weil Company Inc. now owns 9,614 shares of the business services provider’s stock worth $2,296,000 after buying an additional 50 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRSK. BMO Capital Markets boosted their price objective on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Evercore ISI reissued an “in-line” rating and issued a $250.00 target price on shares of Verisk Analytics in a research report on Tuesday, March 26th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $254.31.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at $13,066,200. The disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $2,285,415 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $270.32 on Friday. 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, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $270.71. The firm has a 50-day simple moving average of $246.12 and a 200 day simple moving average of $240.96. The company has a market cap of $38.57 billion, a PE ratio of 50.43, a P/E/G ratio of 3.33 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The business had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Dividend Announcement

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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, June 14th. Verisk Analytics’s payout ratio is 29.10%.

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.