Marks Group Wealth Management Inc Purchases 151 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Marks Group Wealth Management Inc raised its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,573 shares of the business services provider’s stock after acquiring an additional 151 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Verisk Analytics were worth $3,188,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Community Financial Services Group LLC lifted its stake in shares of Verisk Analytics by 4.3% in the 4th quarter. Community Financial Services Group LLC now owns 13,979 shares of the business services provider’s stock valued at $3,850,000 after purchasing an additional 570 shares during the period. Index Fund Advisors Inc. acquired a new position in Verisk Analytics in the fourth quarter valued at approximately $205,000. Summit Trail Advisors LLC boosted its holdings in shares of Verisk Analytics by 18.9% during the 4th quarter. Summit Trail Advisors LLC now owns 1,071 shares of the business services provider’s stock worth $295,000 after buying an additional 170 shares in the last quarter. Panoramic Capital Partners LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth approximately $209,000. Finally, Sycomore Asset Management increased its stake in shares of Verisk Analytics by 27.4% in the 4th quarter. Sycomore Asset Management now owns 24,085 shares of the business services provider’s stock valued at $6,382,000 after acquiring an additional 5,187 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total transaction of $347,746.05. Following the completion of the transaction, the director now owns 13,786 shares in the company, valued at approximately $4,066,180.70. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the sale, the insider now owns 9,066 shares of the company’s stock, valued at $2,557,155.96. This trade represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,669 shares of company stock valued at $1,889,316 in the last three months. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

VRSK has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a research note on Tuesday, January 7th. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a research report on Friday, January 10th. Morgan Stanley boosted their target price on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Robert W. Baird increased their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $293.11.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $294.30 on Wednesday. The company has a market cap of $41.56 billion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 3.39 and a beta of 0.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. The business has a 50 day moving average price of $281.36 and a 200-day moving average price of $275.81.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.