Jupiter Topco LLC bought a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,483,091 shares of the business services provider’s stock, valued at approximately $266,201,000. Jupiter Topco LLC owned 1.14% of Verisk Analytics at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VRSK. Oppenheimer Asset Management Inc. increased its position in Verisk Analytics by 25.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 90,522 shares of the business services provider’s stock valued at $20,249,000 after acquiring an additional 18,461 shares during the period. Varma Mutual Pension Insurance Co acquired a new stake in Verisk Analytics during the 4th quarter worth approximately $13,489,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Verisk Analytics by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 302,134 shares of the business services provider’s stock worth $66,778,000 after acquiring an additional 14,720 shares during the period. Premier Fund Managers Ltd purchased a new position in shares of Verisk Analytics in the 4th quarter valued at approximately $2,367,000. Finally, Danske Bank A S increased its holdings in shares of Verisk Analytics by 8.1% in the fourth quarter. Danske Bank A S now owns 76,761 shares of the business services provider’s stock valued at $17,171,000 after purchasing an additional 5,740 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Stock Performance
VRSK opened at $188.49 on Wednesday. Verisk Analytics, Inc. has a 1-year low of $155.94 and a 1-year high of $273.83. The stock has a market cap of $24.53 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.12 and a beta of 0.67. The stock’s 50 day simple moving average is $188.34 and its 200 day simple moving average is $185.23. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.01 and a quick ratio of 1.01.
Verisk Analytics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Verisk Analytics’s payout ratio is 30.72%.
Insiders Place Their Bets
In related news, CFO Elizabeth Mann sold 400 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.95, for a total value of $71,980.00. Following the sale, the chief financial officer directly owned 18,384 shares in the company, valued at $3,308,200.80. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lee Shavel sold 3,535 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $196.94, for a total transaction of $696,182.90. Following the completion of the sale, the chief executive officer directly owned 98,490 shares in the company, valued at approximately $19,396,620.60. The trade was a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,227 shares of company stock worth $4,174,599. 0.52% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
VRSK has been the subject of several analyst reports. UBS Group upped their price target on Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn set a $185.00 price objective on shares of Verisk Analytics and gave the company a “neutral” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings cut shares of Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $236.27.
View Our Latest Report on VRSK
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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