Handelsbanken Fonder AB grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 19.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,210 shares of the business services provider’s stock after buying an additional 17,520 shares during the quarter. Handelsbanken Fonder AB owned 0.08% of Verisk Analytics worth $27,216,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in VRSK. NewEdge Advisors LLC boosted its position in Verisk Analytics by 1.1% during the 1st quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 44 shares during the period. Woodline Partners LP raised its position in Verisk Analytics by 39.6% in the first quarter. Woodline Partners LP now owns 11,931 shares of the business services provider’s stock valued at $3,551,000 after purchasing an additional 3,385 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Verisk Analytics by 114.4% during the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the business services provider’s stock worth $75,000 after purchasing an additional 135 shares in the last quarter. World Investment Advisors boosted its position in shares of Verisk Analytics by 23.9% in the second quarter. World Investment Advisors now owns 4,432 shares of the business services provider’s stock worth $1,381,000 after buying an additional 856 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Verisk Analytics by 62.7% in the second quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock worth $34,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Trading Up 2.4%
NASDAQ VRSK opened at $207.57 on Friday. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.79. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.20 and a quick ratio of 1.20. Verisk Analytics, Inc. has a 12 month low of $164.60 and a 12 month high of $322.92. The company’s fifty day moving average price is $206.95 and its two-hundred day moving average price is $228.14.
Verisk Analytics announced that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Verisk Analytics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, March 13th. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.0%. Verisk Analytics’s payout ratio is currently 27.73%.
Insider Activity at Verisk Analytics
In other news, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $219.54, for a total value of $65,862.00. Following the completion of the sale, the chief financial officer directly owned 14,265 shares in the company, valued at approximately $3,131,738.10. The trade was a 2.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $180.00 per share, for a total transaction of $180,000.00. Following the completion of the purchase, the director directly owned 2,994 shares of the company’s stock, valued at $538,920. The trade was a 50.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.46% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Robert W. Baird set a $230.00 target price on Verisk Analytics in a report on Thursday, February 19th. Bank of America began coverage on shares of Verisk Analytics in a research note on Tuesday, February 17th. They set a “neutral” rating and a $205.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Verisk Analytics from $237.00 to $223.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. The Goldman Sachs Group lowered their price target on shares of Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Verisk Analytics from $260.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $240.86.
Get Our Latest Analysis 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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