EverSource Wealth Advisors LLC Purchases 147 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

EverSource Wealth Advisors LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 55.9% in the second quarter, Holdings Channel reports. The institutional investor owned 410 shares of the business services provider’s stock after buying an additional 147 shares during the period. EverSource Wealth Advisors LLC’s holdings in Verisk Analytics were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRSK. Gilbert & Cook Inc. raised its holdings in shares of Verisk Analytics by 8.5% in the fourth quarter. Gilbert & Cook Inc. now owns 3,416 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 267 shares during the last quarter. Parallel Advisors LLC increased its stake in Verisk Analytics by 7.3% in the 4th quarter. Parallel Advisors LLC now owns 1,877 shares of the business services provider’s stock valued at $448,000 after buying an additional 127 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in Verisk Analytics during the 4th quarter worth about $489,000. Treasurer of the State of North Carolina boosted its stake in shares of Verisk Analytics by 4.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 67,160 shares of the business services provider’s stock worth $16,042,000 after buying an additional 2,632 shares during the last quarter. Finally, Evoke Wealth LLC boosted its stake in shares of Verisk Analytics by 50.0% during the 4th quarter. Evoke Wealth LLC now owns 13,786 shares of the business services provider’s stock worth $3,293,000 after buying an additional 4,593 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird upped their target price on Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets dropped their price objective on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley raised their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $268.00 price objective on shares of Verisk Analytics in a research report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.23.

Verisk Analytics Trading Down 0.1 %

Shares of VRSK stock opened at $264.99 on Friday. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $287.13. The company has a market capitalization of $37.74 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.86. The firm has a 50 day moving average price of $269.93 and a two-hundred day moving average price of $255.53. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. During the same period last year, the firm posted $1.51 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts predict that Verisk Analytics, Inc. will post 6.56 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the transaction, the insider now owns 7,470 shares in the company, valued at $2,033,483.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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.