Rhumbline Advisers Sells 7,206 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Rhumbline Advisers cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,836 shares of the business services provider’s stock after selling 7,206 shares during the quarter. Rhumbline Advisers’ holdings in Verisk Analytics were worth $78,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after acquiring an additional 283,653 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Verisk Analytics by 2,380.6% in the third quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock valued at $73,144,000 after acquiring an additional 261,961 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Verisk Analytics by 46.7% in the third quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock valued at $164,750,000 after acquiring an additional 195,700 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Verisk Analytics by 158.2% in the third quarter. Worldquant Millennium Advisors LLC now owns 184,806 shares of the business services provider’s stock valued at $49,521,000 after acquiring an additional 113,230 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Verisk Analytics by 6.8% in the third quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock valued at $331,476,000 after acquiring an additional 78,376 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the transaction, the director now owns 13,786 shares of the company’s stock, valued at approximately $3,760,958.66. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the transaction, the insider now directly owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. This trade represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,469 shares of company stock valued at $1,264,818. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on VRSK. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird boosted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price on the stock. in a report on Friday, January 10th. Six research 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 company’s stock. Based on data from MarketBeat, Verisk Analytics currently has an average rating of “Hold” and an average price target of $293.11.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $293.48 on Monday. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 3.39 and a beta of 0.89. The firm’s 50-day moving average is $281.75 and its 200 day moving average is $276.17. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.94. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82.

Verisk Analytics Dividend Announcement

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

Verisk Analytics 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.