TBH Global Asset Management LLC Reduces Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

TBH Global Asset Management LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,990 shares of the business services provider’s stock after selling 1,350 shares during the quarter. TBH Global Asset Management LLC’s holdings in Verisk Analytics were worth $1,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westpac Banking Corp grew its holdings in shares of Verisk Analytics by 94.8% during the fourth quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after buying an additional 605 shares during the last quarter. Federated Hermes Inc. lifted its position in Verisk Analytics by 10.9% in the fourth quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after purchasing an additional 34,077 shares during the period. Fenimore Asset Management Inc. lifted its position in Verisk Analytics by 421.9% in the fourth quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock valued at $18,011,000 after purchasing an additional 60,957 shares during the period. Teacher Retirement System of Texas lifted its position in Verisk Analytics by 23.1% in the fourth quarter. Teacher Retirement System of Texas now owns 41,041 shares of the business services provider’s stock valued at $9,803,000 after purchasing an additional 7,692 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Verisk Analytics by 5.7% in the fourth quarter. Mackenzie Financial Corp now owns 522,386 shares of the business services provider’s stock valued at $124,777,000 after purchasing an additional 28,008 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In other news, CAO David J. Grover sold 6,481 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the completion of the sale, the chief accounting officer now directly owns 12,140 shares in the company, valued at approximately $2,829,348.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the transaction, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,481 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,304 shares of company stock worth $2,648,390 in the last ninety days. Insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Up 0.9 %

VRSK traded up $2.33 during trading on Friday, hitting $251.58. The company’s stock had a trading volume of 689,799 shares, compared to its average volume of 870,470. The firm’s 50 day moving average price is $234.13 and its 200-day moving average price is $237.78. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $35.89 billion, a PE ratio of 46.50, a PEG ratio of 3.12 and a beta of 0.79. Verisk Analytics, Inc. has a twelve month low of $215.17 and a twelve month high of $254.14.

Verisk Analytics (NASDAQ:VRSK) last released 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. The business had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 EPS. On average, analysts expect that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. Verisk Analytics’s payout ratio is 29.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VRSK. Evercore ISI restated an “in-line” rating and issued a $250.00 price objective on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Verisk Analytics currently has an average rating of “Hold” and an average target price of $254.31.

About Verisk Analytics

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.