Glenview Trust Co bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,247 shares of the business services provider’s stock, valued at approximately $583,000.
A number of other hedge funds also recently modified their holdings of VRSK. Empowered Funds LLC acquired a new stake in shares of Verisk Analytics in the second quarter worth $3,199,000. United Capital Financial Advisors LLC acquired a new position in Verisk Analytics during the second quarter valued at $974,000. Dearborn Partners LLC acquired a new position in Verisk Analytics during the second quarter valued at $25,506,000. Coastal Bridge Advisors LLC purchased a new stake in Verisk Analytics in the 2nd quarter worth about $872,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Verisk Analytics in the 2nd quarter worth about $598,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Trading Up 0.4%
NASDAQ:VRSK opened at $191.77 on Friday. The stock’s 50 day moving average price is $189.30 and its 200 day moving average price is $185.39. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $273.83. The company has a market capitalization of $24.96 billion, a P/E ratio of 29.46, a P/E/G ratio of 2.14 and a beta of 0.67. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.01 and a current ratio of 1.01.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. Verisk Analytics’s dividend payout ratio (DPR) is currently 30.72%.
Insiders Place Their Bets
In related news, CEO Lee Shavel sold 3,535 shares of Verisk Analytics stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $196.94, for a total value of $696,182.90. Following the completion of the sale, the chief executive officer owned 98,490 shares of the company’s stock, valued at approximately $19,396,620.60. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth Mann sold 400 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.95, for a total transaction of $71,980.00. Following the completion of the sale, the chief financial officer owned 18,384 shares of the company’s stock, valued at $3,308,200.80. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,227 shares of company stock worth $4,174,599 in the last 90 days. 0.52% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
VRSK has been the topic of several research analyst reports. Bank of America lowered their target price on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Evercore set a $223.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 30th. Rothschild & Co Redburn set a $185.00 price objective on shares of Verisk Analytics and gave the company a “neutral” rating in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $247.00 target price on shares of Verisk Analytics in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.27.
Check Out Our Latest Stock Analysis on Verisk Analytics
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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