Public Employees Retirement Association of Colorado decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 17.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 401,746 shares of the business services provider’s stock after selling 85,109 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Verisk Analytics were worth $70,193,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Capital Directions Investment Advisors LLC boosted its holdings in Verisk Analytics by 58.8% in the second quarter. Capital Directions Investment Advisors LLC now owns 270 shares of the business services provider’s stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Laurion Capital Management LP purchased a new stake in Verisk Analytics in the second quarter worth approximately $262,000. Ossiam boosted its holdings in Verisk Analytics by 30.6% in the second quarter. Ossiam now owns 7,291 shares of the business services provider’s stock worth $1,385,000 after purchasing an additional 1,708 shares during the last quarter. Covington Capital Management boosted its holdings in Verisk Analytics by 2.4% in the second quarter. Covington Capital Management now owns 19,830 shares of the business services provider’s stock worth $3,465,000 after purchasing an additional 460 shares during the last quarter. Finally, Toroso Investments LLC boosted its holdings in Verisk Analytics by 60.0% in the second quarter. Toroso Investments LLC now owns 2,804 shares of the business services provider’s stock worth $490,000 after purchasing an additional 1,051 shares during the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.
VRSK has been the topic of several research reports. BMO Capital Markets raised their target price on shares of Verisk Analytics from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Thursday, August 5th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on shares of Verisk Analytics from $209.00 to $207.00 and set an “overweight” rating on the stock in a research note on Thursday, August 5th. Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Monday. Royal Bank of Canada raised their target price on Verisk Analytics from $203.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, September 28th. Finally, Raymond James boosted their price target on Verisk Analytics from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.00.
Shares of Verisk Analytics stock traded up $2.34 during trading hours on Thursday, hitting $210.71. The company’s stock had a trading volume of 10,479 shares, compared to its average volume of 922,232. The company has a market cap of $34.00 billion, a PE ratio of 50.09, a PEG ratio of 3.91 and a beta of 0.78. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.61. The business has a 50 day moving average price of $200.32 and a two-hundred day moving average price of $186.60. Verisk Analytics, Inc. has a 12-month low of $159.79 and a 12-month high of $210.66.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Monday, August 2nd. The business services provider reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.16). Verisk Analytics had a net margin of 23.69% and a return on equity of 30.92%. The business had revenue of $747.50 million for the quarter, compared to the consensus estimate of $733.06 million. During the same period last year, the business posted $1.29 EPS. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 5.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, September 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 23.02%.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.
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