Canada Post Corp Registered Pension Plan increased its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 376.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,520 shares of the business services provider’s stock after purchasing an additional 8,313 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Verisk Analytics were worth $2,353,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in VRSK. AQR Capital Management LLC lifted its position in shares of Verisk Analytics by 334.5% in the third quarter. AQR Capital Management LLC now owns 754,548 shares of the business services provider’s stock worth $188,237,000 after buying an additional 580,885 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Verisk Analytics by 1,879.0% in the third quarter. Squarepoint Ops LLC now owns 566,235 shares of the business services provider’s stock worth $142,414,000 after buying an additional 537,623 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Verisk Analytics by 232.3% in the third quarter. First Trust Advisors LP now owns 760,599 shares of the business services provider’s stock worth $191,298,000 after buying an additional 531,713 shares in the last quarter. UBS Group AG lifted its position in shares of Verisk Analytics by 114.3% in the third quarter. UBS Group AG now owns 987,011 shares of the business services provider’s stock worth $248,243,000 after buying an additional 526,508 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Verisk Analytics by 115.4% in the third quarter. Qube Research & Technologies Ltd now owns 874,918 shares of the business services provider’s stock worth $220,051,000 after buying an additional 468,782 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
Verisk Analytics Stock Performance
Shares of VRSK stock opened at $162.55 on Monday. Verisk Analytics, Inc. has a 1 year low of $155.94 and a 1 year high of $322.92. 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’s 50 day simple moving average is $184.33 and its two-hundred day simple moving average is $202.51. The company has a market cap of $21.30 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72.
Verisk Analytics announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Verisk Analytics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Verisk Analytics’s dividend payout ratio is 30.44%.
Insider Buying and Selling
In other Verisk Analytics news, Director Christopher John Perry purchased 1,000 shares of Verisk Analytics stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $180.00 per share, for a total transaction of $180,000.00. Following the completion of the acquisition, the director owned 2,994 shares in the company, valued at $538,920. This represents a 50.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 400 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $159.22, for a total value of $63,688.00. Following the completion of the sale, the chief financial officer owned 19,584 shares in the company, valued at approximately $3,118,164.48. The trade was a 2.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,200 shares of company stock worth $214,200. Company insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Capital One Financial set a $224.00 target price on Verisk Analytics in a research report on Thursday, March 5th. Wells Fargo & Company boosted their target price on Verisk Analytics from $223.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Robert W. Baird set a $230.00 target price on Verisk Analytics in a research report on Thursday, February 19th. Bank of America assumed coverage on Verisk Analytics in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $205.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $230.00 target price on shares of Verisk Analytics in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $238.20.
View Our Latest Research Report on Verisk Analytics
Verisk Analytics Company 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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