Swedbank AB boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,998 shares of the business services provider’s stock after acquiring an additional 2,340 shares during the period. Swedbank AB’s holdings in Verisk Analytics were worth $28,420,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new stake in shares of Verisk Analytics during the second quarter worth about $27,000. Osterweis Capital Management Inc. purchased a new position in Verisk Analytics during the 2nd quarter worth approximately $28,000. Spurstone Advisory Services LLC purchased a new stake in Verisk Analytics in the second quarter valued at approximately $29,000. NewSquare Capital LLC lifted its stake in Verisk Analytics by 69.0% in the second quarter. NewSquare Capital LLC now owns 98 shares of the business services provider’s stock valued at $31,000 after buying an additional 40 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Verisk Analytics by 62.7% in the second quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Trading Up 0.1%
Shares of VRSK stock opened at $218.71 on Friday. The business’s fifty day moving average price is $221.38 and its 200 day moving average price is $257.47. The firm has a market capitalization of $30.48 billion, a PE ratio of 33.34, a P/E/G ratio of 3.44 and a beta of 0.81. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.19. Verisk Analytics, Inc. has a 1-year low of $196.99 and a 1-year high of $322.92.
Verisk Analytics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. Verisk Analytics’s dividend payout ratio (DPR) is 27.44%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on VRSK. Wolfe Research began coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company dropped their price objective on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Argus downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Evercore ISI dropped their price target on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $278.64.
Get Our Latest Report on Verisk Analytics
Insider Activity at Verisk Analytics
In other news, Director Sabra R. Purtill acquired 450 shares of Verisk Analytics stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $217.95 per share, with a total value of $98,077.50. Following the completion of the acquisition, the director owned 1,327 shares in the company, valued at $289,219.65. This trade represents a 51.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey J. Dailey bought 500 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $217.03 per share, for a total transaction of $108,515.00. Following the completion of the transaction, the director owned 3,962 shares of the company’s stock, valued at $859,872.86. This represents a 14.44% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 1,450 shares of company stock worth $314,663 and sold 2,000 shares worth $442,317. Insiders own 0.46% of the company’s stock.
Verisk Analytics Profile
Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.
Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.
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