The Manufacturers Life Insurance Company decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 10.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 73,192 shares of the business services provider’s stock after selling 8,441 shares during the period. The Manufacturers Life Insurance Company’s holdings in Verisk Analytics were worth $13,888,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of VRSK. State Street Corp boosted its position in shares of Verisk Analytics by 1.5% during the fourth quarter. State Street Corp now owns 6,076,730 shares of the business services provider’s stock worth $1,359,304,000 after buying an additional 88,300 shares during the period. Geode Capital Management LLC grew its holdings in shares of Verisk Analytics by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,121,219 shares of the business services provider’s stock worth $923,576,000 after buying an additional 36,194 shares in the last quarter. Morgan Stanley raised its position in Verisk Analytics by 10.2% in the 4th quarter. Morgan Stanley now owns 3,914,224 shares of the business services provider’s stock valued at $875,574,000 after buying an additional 362,050 shares during the last quarter. Capital International Investors raised its position in Verisk Analytics by 1,200.9% in the 4th quarter. Capital International Investors now owns 3,264,323 shares of the business services provider’s stock valued at $730,196,000 after buying an additional 3,013,400 shares during the last quarter. Finally, Parnassus Investments LLC lifted its stake in Verisk Analytics by 21.6% in the 4th quarter. Parnassus Investments LLC now owns 1,815,060 shares of the business services provider’s stock valued at $406,011,000 after acquiring an additional 322,345 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.
Verisk Analytics Stock Performance
VRSK opened at $194.85 on Monday. Verisk Analytics, Inc. has a 52-week low of $155.94 and a 52-week high of $281.82. The firm has a market capitalization of $25.36 billion, a PE ratio of 29.93, a PEG ratio of 2.25 and a beta of 0.69. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $185.85 and its 200 day simple moving average is $188.79.
Verisk Analytics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is presently 30.72%.
Analyst Ratings Changes
VRSK has been the subject of a number of recent research reports. Rothschild & Co Redburn set a $185.00 price target on Verisk Analytics and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Wells Fargo & Company lifted their price objective on shares of Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America cut their price objective on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. UBS Group increased their target price on shares of Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Robert W. Baird set a $247.00 target price on shares of Verisk Analytics in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.27.
Read Our Latest Report on Verisk Analytics
Insider Buying and Selling
In other Verisk Analytics news, CEO Lee Shavel sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $220.00, for a total transaction of $550,000.00. Following the sale, the chief executive officer directly owned 98,490 shares of the company’s stock, valued at approximately $21,667,800. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 400 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $159.22, for a total transaction of $63,688.00. Following the sale, the chief financial officer directly owned 19,584 shares in the company, valued at $3,118,164.48. This trade represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,027 shares of company stock worth $3,870,600 in the last quarter. 0.52% of the stock is owned by company insiders.
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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