Neuburgh Advisers LLC Increases Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)
Neuburgh Advisers LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,824 shares of the business services provider’s stock after buying an additional 96 shares during the period. Neuburgh Advisers LLC’s holdings in Verisk Analytics were worth $853,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Greenleaf Trust increased its holdings in Verisk Analytics by 2.8% during the second quarter. Greenleaf Trust now owns 2,634 shares of the business services provider’s stock valued at $386,000 after buying an additional 71 shares during the period. Glassman Wealth Services boosted its position in Verisk Analytics by 43.4% during the 1st quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 75 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Verisk Analytics by 18.8% in the 2nd quarter. Meridian Wealth Management LLC now owns 475 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 75 shares during the period. First Allied Advisory Services Inc. increased its holdings in shares of Verisk Analytics by 1.2% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,133 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 82 shares during the period. Finally, Clear Harbor Asset Management LLC increased its holdings in shares of Verisk Analytics by 4.0% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 2,429 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 91.40% of the company’s stock.
A number of equities research analysts recently weighed in on the company. UBS Group upped their price objective on Verisk Analytics from $119.00 to $124.00 and gave the stock a “sell” rating in a research note on Wednesday, July 10th. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America boosted their target price on shares of Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $138.89.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 4.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.00 annualized dividend and a yield of 0.65%. Verisk Analytics’s dividend payout ratio (DPR) is 24.33%.
In other Verisk Analytics news, Director David B. Wright sold 14,728 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the transaction, the director now owns 26,207 shares in the company, valued at approximately $3,988,443.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Constantine Iordanou sold 2,122 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $153.01, for a total transaction of $324,687.22. Following the transaction, the director now owns 59,214 shares in the company, valued at approximately $9,060,334.14. The disclosure for this sale can be found here. 2.71% of the stock is owned by insiders.
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.
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