Trillium Asset Management LLC Acquires 3,581 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)
Trillium Asset Management LLC increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,946 shares of the business services provider’s stock after acquiring an additional 3,581 shares during the quarter. Trillium Asset Management LLC’s holdings in Verisk Analytics were worth $5,150,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Checchi Capital Advisers LLC increased its position in Verisk Analytics by 6.0% in the first quarter. Checchi Capital Advisers LLC now owns 1,708 shares of the business services provider’s stock worth $238,000 after buying an additional 96 shares during the last quarter. AE Wealth Management LLC increased its position in Verisk Analytics by 4.5% in the first quarter. AE Wealth Management LLC now owns 16,836 shares of the business services provider’s stock worth $2,347,000 after buying an additional 719 shares during the last quarter. Russell Investments Group Ltd. increased its position in Verisk Analytics by 17.3% in the first quarter. Russell Investments Group Ltd. now owns 36,058 shares of the business services provider’s stock worth $5,102,000 after buying an additional 5,318 shares during the last quarter. Bank of New York Mellon Corp increased its position in Verisk Analytics by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,344,582 shares of the business services provider’s stock worth $187,407,000 after buying an additional 26,376 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Verisk Analytics by 1.0% in the first quarter. Rhumbline Advisers now owns 304,803 shares of the business services provider’s stock worth $42,483,000 after buying an additional 3,075 shares during the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.
In other Verisk Analytics news, Director Andrew G. Mills sold 1,764 shares of Verisk Analytics stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $168.98, for a total transaction of $298,080.72. Following the completion of the sale, the director now owns 77,569 shares of the company’s stock, valued at $13,107,609.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.55% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Verisk Analytics had a return on equity of 34.93% and a net margin of 18.23%. The firm had revenue of $689.80 million during the quarter, compared to analyst estimates of $677.79 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. On average, analysts expect that Verisk Analytics, Inc. will post 4.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 12th. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.66%.
A number of analysts have issued reports on VRSK shares. Bank of America decreased their target price on Verisk Analytics from $176.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Royal Bank of Canada started coverage on Verisk Analytics in a research report on Monday, March 30th. They issued a “sector perform” rating and a $144.00 target price for the company. Deutsche Bank raised their target price on Verisk Analytics from $154.00 to $162.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Credit Suisse Group lifted their price target on Verisk Analytics from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Verisk Analytics from $165.00 to $188.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $166.07.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
Featured Story: Why are trading ranges significant?
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.