Allspring Global Investments Holdings LLC Sells 33,880 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Allspring Global Investments Holdings LLC trimmed its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 71.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,363 shares of the business services provider’s stock after selling 33,880 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Verisk Analytics were worth $3,150,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Verisk Analytics in the 4th quarter worth approximately $374,530,000. Franklin Resources Inc. boosted its position in shares of 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 worth $272,663,000 after acquiring an additional 542,432 shares during the last quarter. TD Asset Management Inc grew its stake 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 acquiring an additional 422,002 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Verisk Analytics by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock valued at $282,418,000 after acquiring an additional 211,032 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Verisk Analytics by 178.5% during the 4th 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 purchasing an additional 204,657 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BMO Capital Markets boosted their target price 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 raised their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $255.08.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $272.36 on Wednesday. The firm has a market capitalization of $38.86 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 3.35 and a beta of 0.84. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $273.70. The firm has a 50-day moving average price of $251.85 and a 200-day moving average price of $242.34. 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 announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. The business had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. As a group, equities research analysts forecast that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Saturday, June 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, June 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 200 shares of the business’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 completion of the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was 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 in the company, valued at approximately $13,066,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $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 worth $774,953 over the last quarter. Company insiders own 0.40% of the company’s stock.

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.