Groupe la Francaise raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,793 shares of the business services provider’s stock after purchasing an additional 2,165 shares during the period. Groupe la Francaise’s holdings in Verisk Analytics were worth $5,283,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Verisk Analytics by 1.5% during the first quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after purchasing an additional 239,483 shares during the last quarter. Invesco Ltd. grew its holdings in Verisk Analytics by 36.0% in the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after buying an additional 596,225 shares during the last quarter. Nuveen LLC acquired a new stake in Verisk Analytics in the 1st quarter valued at approximately $508,611,000. Price T Rowe Associates Inc. MD grew its holdings in Verisk Analytics by 19.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock valued at $507,219,000 after buying an additional 283,238 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Verisk Analytics by 2.1% in the 1st quarter. Northern Trust Corp now owns 1,674,516 shares of the business services provider’s stock valued at $498,369,000 after buying an additional 34,797 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Price Performance
Shares of Verisk Analytics stock opened at $271.06 on Friday. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day simple moving average is $290.86 and its 200-day simple moving average is $295.72. Verisk Analytics, Inc. has a twelve month low of $259.01 and a twelve month high of $322.92. The firm has a market cap of $37.87 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 3.84 and a beta of 0.83.
Verisk Analytics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. Verisk Analytics’s payout ratio is 27.73%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on VRSK shares. Morgan Stanley raised their target price on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Robert W. Baird raised their target price on Verisk Analytics from $320.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, UBS Group decreased their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $305.60.
Read Our Latest Stock Report on VRSK
Insider Buying and Selling at Verisk Analytics
In other news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $268.00, for a total transaction of $80,400.00. Following the sale, the chief financial officer directly owned 15,465 shares in the company, valued at approximately $4,144,620. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the purchase, the director directly owned 1,773 shares in the company, valued at $460,625.40. This represents a 129.37% increase in their position. The disclosure for this purchase can be found here. Insiders sold 25,620 shares of company stock worth $7,862,427 in the last 90 days. 0.46% of the stock is currently owned by insiders.
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.
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