Executive Wealth Management LLC acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 299 shares of the business services provider’s stock, valued at approximately $33,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bollard Group LLC bought a new stake in Verisk Analytics during the fourth quarter worth $33,000. Csenge Advisory Group bought a new position in Verisk Analytics in the 3rd quarter valued at $45,000. Carroll Financial Associates Inc. grew its stake in Verisk Analytics by 87.6% in the 4th quarter. Carroll Financial Associates Inc. now owns 452 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 211 shares during the period. Kaizen Advisory LLC grew its stake in Verisk Analytics by 26.2% in the 4th quarter. Kaizen Advisory LLC now owns 462 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 96 shares during the period. Finally, Lindbrook Capital LLC bought a new position in Verisk Analytics in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
In related news, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.92, for a total transaction of $386,002.80. Following the transaction, the insider now directly owns 37,127 shares in the company, valued at approximately $4,637,904.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David B. Wright sold 11,250 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $125.27, for a total value of $1,409,287.50. Following the transaction, the director now owns 32,291 shares in the company, valued at $4,045,093.57. The disclosure for this sale can be found here. Insiders have sold a total of 35,139 shares of company stock worth $4,461,097 over the last quarter. Corporate insiders own 2.71% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, February 19th. The business services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). The business had revenue of $613.90 million during the quarter, compared to the consensus estimate of $613.07 million. Verisk Analytics had a return on equity of 32.77% and a net margin of 25.00%. Verisk Analytics’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 4.46 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 6.08%.
A number of research analysts have recently commented on the company. Robert W. Baird set a $137.00 price target on Verisk Analytics and gave the company an “outperform” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th. UBS Group upped their price target on Verisk Analytics from $100.00 to $106.00 and gave the company a “sell” rating in a research report on Tuesday, March 12th. Finally, Morgan Stanley set a $119.00 price objective on Verisk Analytics and gave the stock a “hold” rating in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $119.20.
COPYRIGHT VIOLATION NOTICE: This article was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/executive-wealth-management-llc-acquires-shares-of-299-verisk-analytics-inc-vrsk.html.
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.
Recommended Story: How Do Investors Open a Backdoor Roth IRA?
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.