HB Wealth Management LLC increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,198 shares of the business services provider’s stock after purchasing an additional 191 shares during the quarter. HB Wealth Management LLC’s holdings in Verisk Analytics were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after purchasing an additional 283,653 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Verisk Analytics by 2,380.6% in the third quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock worth $73,144,000 after purchasing an additional 261,961 shares during the period. Two Sigma Advisers LP grew its position in Verisk Analytics by 46.7% in the 3rd quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock valued at $164,750,000 after buying an additional 195,700 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Verisk Analytics by 158.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 184,806 shares of the business services provider’s stock valued at $49,521,000 after buying an additional 113,230 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Verisk Analytics by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after buying an additional 111,364 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.
Verisk Analytics Stock Performance
Shares of VRSK opened at $280.06 on Wednesday. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.58. The company has a 50-day moving average of $282.06 and a two-hundred day moving average of $274.84. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $39.55 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 3.19 and a beta of 0.88.
Verisk Analytics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.56%. Verisk Analytics’s payout ratio is presently 24.34%.
Insider Buying and Selling at Verisk Analytics
In related news, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the transaction, the chief executive officer now directly owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the completion of the sale, the chief financial officer now owns 15,608 shares of the company’s stock, valued at approximately $4,471,535.92. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,490 shares of company stock valued at $1,541,570 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a report on Friday, January 10th. BMO Capital Markets lifted their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Evercore ISI restated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $293.11.
Get Our Latest Research Report on VRSK
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.
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