On September 30, 2023, it was reported that Douglas Lane & Associates LLC had reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.2% during the second quarter. This information was obtained from the company’s recent Form 13F filing with the Securities and Exchange Commission (SEC). According to the filing, Douglas Lane & Associates LLC owned 5,499 shares of Verisk Analytics’ stock after selling 622 shares during the quarter. The value of these holdings amounted to $1,243,000 at the time of filing.
Verisk Analytics is a business services provider that offers data analytics insights and solutions to various industries. The reduction in holdings by Douglas Lane & Associates LLC indicates a shift in their investment strategy or assessment of Verisk Analytics’ future prospects.
In addition to this news, Verisk Analytics recently announced a quarterly dividend that will be paid out on Friday, September 29th. Shareholders of record on Friday, September 15th will receive a dividend of $0.34 per share. The ex-dividend date for this payment is set for Thursday, September 14th. On an annualized basis, this represents a dividend payout of $1.36 and a yield of 0.57%. It is worth noting that Verisk Analytics’ current dividend payout ratio stands at 41.09%.
This update on Douglas Lane & Associates LLC’s reduced holdings in Verisk Analytics provides valuable insight into the investment decisions made by financial firms regarding the company’s stock. Investors and analysts may consider this information when evaluating Verisk Analytics’ performance and potential as an investment opportunity.
As always, it is important for investors to thoroughly research and analyze all available information before making any investment decisions. Market conditions can change rapidly and individual circumstances may impact investment outcomes. Therefore, it is advisable to consult with a qualified financial advisor or conduct independent research before making any investment decisions in Verisk Analytics or any other company.
Verisk Analytics Attracts Institutional Investors and Analysts with Strong Growth Potential and Positive Outlook
Verisk Analytics, a leading provider of data analytics and risk assessment solutions, has attracted the attention of numerous institutional investors and hedge funds. These investors have been actively making changes to their positions in VRSK, indicating their confidence in the company’s growth prospects.
One such investor is Arlington Partners LLC, which recently acquired a new stake in Verisk Analytics during the first quarter of this year. The value of this stake is estimated at around $25,000. Similarly, Quarry LP also acquired a stake in the company worth $27,000 during the same period. Ridgewood Investments LLC joined in by purchasing a stake valued at $30,000 in the first quarter as well. Fiduciary Alliance LLC further added to this trend by acquiring a position worth $36,000 during the second quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Verisk Analytics by an impressive 178.7% during the first quarter.
Considering these investments and acquisitions made by institutional investors and hedge funds, it is clear that there is significant interest surrounding Verisk Analytics. In fact, approximately 90.81% of the company’s stock is currently owned by hedge funds and other institutional investors.
Analysts have also taken note of Verisk Analytics and have released several reports analyzing its performance and potential. The Goldman Sachs Group recently increased their price target on the company’s shares from $215.00 to $240.00 while maintaining a “neutral” rating.
StockNews.com initiated coverage on Verisk Analytics with a “hold” rating, recognizing its stable performance within the industry. Argus Research began coverage with a more positive outlook – giving both a “buy” rating and setting a price objective of $288.00 for the company’s shares.
Further endorsements came from Truist Financial which raised its target price for Verisk Analytics from $270.00 to $275.00 along with a “buy” rating. Additionally, Morgan Stanley increased their price target on the company’s shares from $201.00 to $219.00 and gave it an “equal weight” rating.
Overall, there are currently six analysts who have given a hold rating to Verisk Analytics’ stock, while nine analysts have given it a buy rating. According to data from Bloomberg.com, the company has an average rating of “Moderate Buy” and an average target price of $240.00.
On September 30, 2023, VRSK opened at $240.54, reflecting stability in the stock’s performance over time. The stock has shown resilience with a 50-day moving average price of $238.02 and a 200-day moving average price of $218.77.
Verisk Analytics also boasts an impressive track record when considering its one-year low of $162.94 and one-year high of $249.26. These figures demonstrate steady growth for the company within the specified timeframe.
The financial health of Verisk Analytics is also noteworthy as it currently has a debt-to-equity ratio of 9.29, indicating stability and responsible financial management practices that provide reassurance for investors.
Looking at the company’s recent earnings results, Verisk Analytics reported better-than-expected earnings for Q2 on August 2nd. The business services provider posted an EPS (earnings per share) of $1.51 for the quarter – surpassing analysts’ consensus estimates by $0.11.
In addition to beating earnings expectations, Verisk Analytics achieved a net margin of 18.64% and a return on equity of 83.76% during this period – highlighting its efficiency in generating profits from shareholders’ investments.
Furthermore, the company’s revenue for Q2 reached an impressive $675 million compared to analysts’ predictions of $653.13 million – indicating strong demand for its services.
Sell-side analysts are optimistic about Verisk Analytics’ future performance as they anticipate an EPS of 5.71 for the current year.
In conclusion, Verisk Analytics has made significant strides in attracting institutional investors and hedge funds, reflecting their confidence in its growth potential. Analysts’ reports further reinforce this sentiment, with a majority of experts maintaining a positive outlook on the company’s stock. With impressive earnings results and a strong financial position, Verisk Analytics is poised for continued success in the data analytics industry.