Jefferies Financial Group Inc. decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 55.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,709 shares of the business services provider’s stock after selling 15,576 shares during the period. Jefferies Financial Group Inc.’s holdings in Verisk Analytics were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in VRSK. Jensen Investment Management Inc. increased its position in shares of Verisk Analytics by 50.7% in the third quarter. Jensen Investment Management Inc. now owns 424,645 shares of the business services provider’s stock worth $106,802,000 after acquiring an additional 142,911 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Verisk Analytics by 6.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,196,460 shares of the business services provider’s stock worth $300,931,000 after purchasing an additional 73,026 shares during the period. Allstate Corp purchased a new position in Verisk Analytics during the 3rd quarter worth approximately $1,256,000. ING Groep NV raised its stake in Verisk Analytics by 278.4% during the 3rd quarter. ING Groep NV now owns 87,082 shares of the business services provider’s stock valued at $21,902,000 after purchasing an additional 64,066 shares during the period. Finally, NEOS Investment Management LLC raised its stake in Verisk Analytics by 77.0% during the 3rd quarter. NEOS Investment Management LLC now owns 59,083 shares of the business services provider’s stock valued at $14,860,000 after purchasing an additional 25,712 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Trading Down 3.6%
Shares of VRSK stock opened at $202.66 on Wednesday. Verisk Analytics, Inc. has a 12 month low of $164.60 and a 12 month high of $322.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.42. The business’s 50 day moving average is $205.71 and its two-hundred day moving average is $224.83. The company has a market cap of $27.95 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.81.
Verisk Analytics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.50 dividend. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, March 13th. This represents a $2.00 annualized dividend and a yield of 1.0%. Verisk Analytics’s payout ratio is 27.73%.
Verisk Analytics declared that its Board of Directors has approved a stock buyback program on Wednesday, February 18th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verisk Analytics in a research report on Monday, December 29th. The Goldman Sachs Group dropped their price target on Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on Verisk Analytics from $250.00 to $230.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Morgan Stanley set a $230.00 price objective on Verisk Analytics in a research report on Thursday, February 19th. Finally, UBS Group set a $224.00 target price on Verisk Analytics in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and an average price target of $237.20.
Check Out Our Latest Research Report on Verisk Analytics
Insiders Place Their Bets
In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $219.54, for a total transaction of $65,862.00. Following the completion of the sale, the chief financial officer directly owned 14,265 shares in the company, valued at $3,131,738.10. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher John Perry purchased 1,000 shares of the stock in a transaction dated Friday, February 20th. The stock was acquired at an average cost of $180.00 per share, for a total transaction of $180,000.00. Following the completion of the transaction, the director owned 2,994 shares of the company’s stock, valued at $538,920. The trade was a 50.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.46% of the stock is owned by 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.
Recommended Stories
- Five stocks we like better than Verisk Analytics
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.
