Forsta AP Fonden grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,660 shares of the business services provider’s stock after acquiring an additional 6,260 shares during the period. Forsta AP Fonden’s holdings in Verisk Analytics were worth $19,832,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Verisk Analytics in the fourth quarter valued at about $346,457,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at approximately $7,621,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at approximately $410,000. National Pension Service boosted its stake in shares of Verisk Analytics by 1.9% in the fourth quarter. National Pension Service now owns 233,749 shares of the business services provider’s stock valued at $52,287,000 after buying an additional 4,311 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its holdings in Verisk Analytics by 180.0% during the fourth quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the business services provider’s stock worth $3,132,000 after acquiring an additional 9,000 shares during the period. 90.00% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Stock Up 1.3%
Verisk Analytics stock opened at $174.99 on Friday. Verisk Analytics, Inc. has a fifty-two week low of $155.94 and a fifty-two week high of $322.92. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.72. The stock’s fifty day moving average is $177.59 and its two-hundred day moving average is $199.44. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.02 and a current ratio of 1.02.
Verisk Analytics declared that its board has authorized a share buyback program on Wednesday, February 18th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Verisk Analytics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Verisk Analytics’s payout ratio is presently 30.44%.
Insider Transactions at Verisk Analytics
In other news, Director Bruce Edward Hansen sold 2,335 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $171.51, for a total transaction of $400,475.85. Following the completion of the transaction, the director directly owned 15,868 shares of the company’s stock, valued at $2,721,520.68. This trade represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 400 shares of Verisk Analytics stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $159.22, for a total value of $63,688.00. Following the transaction, the chief financial officer owned 19,584 shares of the company’s stock, valued at $3,118,164.48. This represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,535 shares of company stock valued at $614,676. 0.52% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on VRSK shares. Weiss Ratings downgraded Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. UBS Group set a $224.00 price target on shares of Verisk Analytics in a report on Thursday, February 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $230.00 price objective on shares of Verisk Analytics in a research note on Monday, March 30th. JPMorgan Chase & Co. upped their target price on shares of Verisk Analytics from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Verisk Analytics in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Verisk Analytics currently has an average rating of “Hold” and a consensus price target of $237.20.
Read Our Latest Analysis on Verisk Analytics
Verisk Analytics 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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