New Century Financial Group LLC Has $507,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

New Century Financial Group LLC lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,151 shares of the business services provider’s stock after selling 110 shares during the period. New Century Financial Group LLC’s holdings in Verisk Analytics were worth $507,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC grew its stake in Verisk Analytics by 44.8% during the third quarter. AQR Capital Management LLC now owns 76,900 shares of the business services provider’s stock worth $18,167,000 after buying an additional 23,796 shares during the last quarter. Glenmede Trust Co. NA grew its position in Verisk Analytics by 19.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,083 shares of the business services provider’s stock worth $1,673,000 after acquiring an additional 1,172 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in Verisk Analytics during the 3rd quarter valued at $687,000. Elevatus Welath Management boosted its stake in Verisk Analytics by 8.4% in the third quarter. Elevatus Welath Management now owns 15,343 shares of the business services provider’s stock worth $3,625,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of Verisk Analytics by 40.9% during the third quarter. Lido Advisors LLC now owns 1,606 shares of the business services provider’s stock worth $379,000 after purchasing an additional 466 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Trading Up 0.3 %

VRSK traded up $0.92 during trading on Thursday, reaching $273.28. 340,201 shares of the company’s stock were exchanged, compared to its average volume of 677,401. The company’s fifty day moving average price is $253.88 and its 200-day moving average price is $242.82. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $38.99 billion, a PE ratio of 50.99, a P/E/G ratio of 3.39 and a beta of 0.84. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $273.77.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Saturday, June 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, June 14th. Verisk Analytics’s payout ratio is 29.10%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the sale, the chief financial officer now directly owns 16,608 shares in the company, valued at $4,356,444.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,265 shares of company stock worth $774,953. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VRSK has been the topic of several research reports. Evercore ISI upped their price target on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. BMO Capital Markets boosted their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $255.08.

Verisk Analytics Company 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.