Danica Pension Livsforsikringsaktieselskab acquired a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,854 shares of the business services provider’s stock, valued at approximately $3,385,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in shares of Verisk Analytics during the second quarter worth about $28,000. Mcguire Capital Advisors Inc. acquired a new position in Verisk Analytics in the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new stake in Verisk Analytics during the 4th quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new stake in Verisk Analytics during the 4th quarter valued at approximately $31,000. Finally, Titan Wealth CI Ltd purchased a new stake in Verisk Analytics during the 4th quarter valued at approximately $32,000. 90.00% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Stock Performance
NASDAQ VRSK opened at $178.86 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. The business’s 50 day moving average is $187.73 and its two-hundred day moving average is $185.87. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $276.19. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.04 and a beta of 0.67.
Verisk Analytics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 annualized dividend and a yield of 1.1%. Verisk Analytics’s dividend payout ratio is presently 30.72%.
Insider Buying and Selling
In other Verisk Analytics news, Director Bruce Edward Hansen sold 2,336 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the sale, the director owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth Mann sold 400 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.95, for a total transaction of $71,980.00. Following the sale, the chief financial officer owned 18,384 shares in the company, valued at $3,308,200.80. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,562 shares of company stock valued at $4,575,075 in the last quarter. Corporate insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on VRSK shares. Weiss Ratings downgraded Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn set a $185.00 price target on Verisk Analytics and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Evercore set a $223.00 price target on Verisk Analytics in a report on Thursday, July 30th. 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. Finally, Wells Fargo & Company boosted their price objective on shares of Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $236.27.
Check Out Our Latest Report 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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