Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,252 shares of the business services provider’s stock after acquiring an additional 24,977 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Verisk Analytics worth $43,198,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Verisk Analytics during the 1st quarter worth about $28,000. CVA Family Office LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at about $30,000. Frazier Financial Advisors LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at about $32,000. DSM Capital Partners LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at about $33,000. Finally, Global Retirement Partners LLC boosted its position in shares of Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 49 shares during the period. 90.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRSK has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. UBS Group upped their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets upped their target price on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $257.21.

Verisk Analytics Stock Performance

Shares of VRSK stock traded down $1.90 during trading hours on Friday, reaching $279.02. 97,346 shares of the company’s stock were exchanged, compared to its average volume of 840,294. The company has a market cap of $39.81 billion, a P/E ratio of 52.41, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The company’s 50 day moving average is $263.46 and its two-hundred day moving average is $245.87. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $282.21. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 268.19% and a net margin of 28.45%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, June 14th. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

Insider Transactions at Verisk Analytics

In related news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,237 shares of company stock valued at $572,739. Corporate 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.