Mawer Investment Management Ltd. cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 255,201 shares of the business services provider’s stock after selling 37,365 shares during the period. Mawer Investment Management Ltd.’s holdings in Verisk Analytics were worth $57,086,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in Verisk Analytics by 1.1% during the first quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 44 shares in the last quarter. Nicolet Advisory Services LLC grew its position in Verisk Analytics by 3.5% during the third quarter. Nicolet Advisory Services LLC now owns 1,377 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 47 shares in the last quarter. Legacy Advisors LLC grew its position in Verisk Analytics by 3.8% during the fourth quarter. Legacy Advisors LLC now owns 1,295 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 48 shares in the last quarter. Promus Capital LLC grew its position in Verisk Analytics by 2.3% during the third quarter. Promus Capital LLC now owns 2,382 shares of the business services provider’s stock valued at $599,000 after purchasing an additional 53 shares in the last quarter. Finally, Essex Bank grew its position in Verisk Analytics by 0.4% during the fourth quarter. Essex Bank now owns 12,388 shares of the business services provider’s stock valued at $2,771,000 after purchasing an additional 53 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Stock Performance
VRSK stock opened at $183.97 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 10.42. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.96 and a beta of 0.72. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $322.92. The firm has a 50 day moving average of $177.24 and a two-hundred day moving average of $199.13.
Verisk Analytics announced that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Verisk Analytics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Verisk Analytics’s payout ratio is presently 30.44%.
Insiders Place Their Bets
In other news, CFO Elizabeth Mann sold 400 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $159.22, for a total value of $63,688.00. Following the completion of the sale, the chief financial officer directly owned 19,584 shares in the company, valued at approximately $3,118,164.48. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce Edward Hansen sold 2,336 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $174.99, for a total transaction of $408,776.64. Following the completion of the sale, the director owned 15,868 shares of the company’s stock, valued at $2,776,741.32. The trade was a 12.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,871 shares of company stock valued at $1,023,452 over the last 90 days. 0.52% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
VRSK has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Robert W. Baird set a $230.00 price objective on shares of Verisk Analytics in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Verisk Analytics from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Verisk Analytics from $223.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $237.20.
Read Our Latest Analysis on Verisk Analytics
About Verisk Analytics
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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