Verisk Analytics, Inc. (NASDAQ:VRSK) Stock Holdings Increased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 30.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,316 shares of the business services provider’s stock after acquiring an additional 1,230 shares during the period. Atria Wealth Solutions Inc.’s holdings in Verisk Analytics were worth $1,270,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VRSK. Massachusetts Financial Services Co. MA raised its stake in Verisk Analytics by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock valued at $1,777,279,000 after acquiring an additional 392,945 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Verisk Analytics by 21.4% during 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 in the last quarter. FMR LLC increased its position in shares of Verisk Analytics by 3.8% during the 3rd quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after purchasing an additional 182,631 shares during the period. Federated Hermes Inc. increased its position in shares of Verisk Analytics by 131.2% during the 3rd quarter. Federated Hermes Inc. now owns 312,569 shares of the business services provider’s stock valued at $73,841,000 after purchasing an additional 177,391 shares during the period. Finally, TD Asset Management Inc increased its position in shares of Verisk Analytics by 22.1% during the 3rd quarter. TD Asset Management Inc now owns 920,719 shares of the business services provider’s stock valued at $217,511,000 after purchasing an additional 166,656 shares during the period. Institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI reiterated an “in-line” rating and set a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. Bank of America cut Verisk Analytics from a “buy” rating to a “neutral” rating and lowered their price target for the company from $270.00 to $260.00 in a research report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.00.

Insider Activity

In other news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction on Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the transaction, the insider now owns 50,208 shares in the company, valued at $12,514,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction on Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the sale, the insider now owns 50,208 shares of the company’s stock, valued at $12,514,344. The transaction was disclosed in a legal filing 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 sale, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,300 shares of company stock worth $2,647,952. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $232.81 on Thursday. Verisk Analytics, Inc. has a 1-year low of $187.86 and a 1-year high of $251.98. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 8.85. The company has a market capitalization of $33.23 billion, a price-to-earnings ratio of 55.30, a P/E/G ratio of 2.72 and a beta of 0.79. The stock’s fifty day simple moving average is $231.69 and its 200-day simple moving average is $236.05.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results 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 return on equity of 305.15% and a net margin of 22.92%. The business 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 company posted $1.29 earnings per share. Verisk Analytics’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Verisk Analytics, Inc. will post 6.48 earnings per share for the current fiscal year.

Verisk Analytics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.39 per share. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.67%. Verisk Analytics’s payout ratio is currently 37.05%.

Verisk Analytics announced that its board has initiated a share repurchase plan on Wednesday, February 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management 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.