Atlantic Union Bankshares Corp Raises Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Atlantic Union Bankshares Corp lifted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,159 shares of the business services provider’s stock after acquiring an additional 1,466 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Verisk Analytics were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VRSK. Norges Bank bought a new stake in shares of Verisk Analytics in the fourth quarter worth approximately $374,530,000. Franklin Resources Inc. grew its position in Verisk Analytics by 90.5% during the fourth quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock valued at $272,663,000 after buying an additional 542,432 shares during the period. TD Asset Management Inc grew its position in Verisk Analytics by 45.8% during the fourth quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock valued at $320,722,000 after buying an additional 422,002 shares during the period. JPMorgan Chase & Co. grew its position in Verisk Analytics by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after buying an additional 211,032 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in Verisk Analytics by 178.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 319,341 shares of the business services provider’s stock valued at $76,278,000 after buying an additional 204,657 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Price Performance

VRSK stock opened at $269.55 on Friday. Verisk Analytics, Inc. has a one year low of $215.32 and a one year high of $273.70. The company’s fifty day moving average price is $250.95 and its 200-day moving average price is $242.15. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $38.46 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83.

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

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Saturday, June 15th were 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 of this dividend was Friday, June 14th. Verisk Analytics’s payout ratio is 29.10%.

Insider Activity at Verisk Analytics

In related news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the sale, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the sale, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the sale, the chief financial officer now directly owns 16,608 shares in the company, valued at approximately $4,356,444.48. The disclosure for this sale can be found here. Insiders have sold a total of 3,265 shares of company stock valued at $774,953 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRSK. BMO Capital Markets boosted their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI boosted their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $255.08.

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.