iA Global Asset Management Inc. reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 9.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,143 shares of the business services provider’s stock after selling 3,021 shares during the quarter. iA Global Asset Management Inc.’s holdings in Verisk Analytics were worth $5,720,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Verisk Analytics by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock valued at $1,259,000 after buying an additional 44 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Verisk Analytics by 39.6% in the 1st quarter. Woodline Partners LP now owns 11,931 shares of the business services provider’s stock worth $3,551,000 after buying an additional 3,385 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Verisk Analytics by 114.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 135 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Verisk Analytics by 52.2% in the second quarter. Treasurer of the State of North Carolina now owns 135,876 shares of the business services provider’s stock valued at $42,325,000 after acquiring an additional 46,603 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Verisk Analytics during the second quarter valued at approximately $28,000. 90.00% of the stock is currently owned by institutional investors.
Verisk Analytics Stock Up 2.3%
Shares of NASDAQ VRSK opened at $183.72 on Thursday. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $24.07 billion, a PE ratio of 27.96, a P/E/G ratio of 2.01 and a beta of 0.69. Verisk Analytics, Inc. has a one year low of $155.94 and a one year high of $310.20. The business’s fifty day moving average price is $175.87 and its 200-day moving average price is $192.66.
Verisk Analytics Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.50 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.44%.
Insider Activity
In related news, CFO Elizabeth Mann sold 400 shares of Verisk Analytics stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $159.22, for a total value of $63,688.00. Following the completion of the transaction, the chief financial officer directly owned 19,584 shares in the company, valued at approximately $3,118,164.48. The trade was a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Samuel G. Liss sold 4,671 shares of Verisk Analytics stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $182.21, for a total transaction of $851,102.91. Following the completion of the transaction, the director owned 69,098 shares of the company’s stock, valued at $12,590,346.58. This represents a 6.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,907 shares of company stock valued at $2,994,338 over the last quarter. Company insiders own 0.52% of the company’s stock.
Analyst Upgrades and Downgrades
VRSK has been the topic of a number of recent analyst reports. Weiss Ratings lowered Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Bank of America reduced their price objective on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Verisk Analytics in a research report on Monday, March 30th. Morgan Stanley set a $235.00 target price on Verisk Analytics in a research note on Thursday, April 30th. Finally, Capital One Financial set a $224.00 price target on shares of Verisk Analytics in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $234.87.
Get Our Latest Stock Report on VRSK
About Verisk Analytics
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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