MUFG Securities EMEA plc raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 174.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,332 shares of the business services provider’s stock after acquiring an additional 4,658 shares during the quarter. MUFG Securities EMEA plc’s holdings in Verisk Analytics were worth $1,640,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Verisk Analytics by 1.1% in the first quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 44 shares during the period. Nicolet Advisory Services LLC lifted its holdings in Verisk Analytics by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,377 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 47 shares during the period. Legacy Advisors LLC lifted its holdings in Verisk Analytics by 3.8% in the fourth quarter. Legacy Advisors LLC now owns 1,295 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 48 shares during the period. Promus Capital LLC lifted its holdings in Verisk Analytics by 2.3% in the third quarter. Promus Capital LLC now owns 2,382 shares of the business services provider’s stock valued at $599,000 after acquiring an additional 53 shares during the period. Finally, Essex Bank raised its stake in shares of Verisk Analytics by 0.4% during the 4th quarter. Essex Bank now owns 12,388 shares of the business services provider’s stock worth $2,771,000 after buying an additional 53 shares during the period. 90.00% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Trading Down 2.6%
Shares of VRSK stock opened at $179.10 on Wednesday. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.02 and a quick ratio of 1.02. Verisk Analytics, Inc. has a 1-year low of $155.94 and a 1-year high of $322.92. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.06 and a beta of 0.69. The stock has a 50 day simple moving average of $177.24 and a 200-day simple moving average of $199.13.
Verisk Analytics announced that its Board of Directors has approved a stock buyback program on Wednesday, February 18th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the business services provider to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Verisk Analytics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given 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 is Monday, June 15th. Verisk Analytics’s payout ratio is presently 30.44%.
Insider Activity at Verisk Analytics
In related news, CFO Elizabeth Mann sold 400 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $159.22, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce Edward Hansen sold 2,336 shares of the business’s stock in a transaction that occurred 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 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 have sold 5,871 shares of company stock valued at $1,023,452 over the last quarter. 0.52% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Raymond James Financial raised Verisk Analytics from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $215.00 to $260.00 in a research note on Monday, March 2nd. Wells Fargo & Company upped their target price on Verisk Analytics from $223.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, February 19th. Bank of America reduced their target price on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group reduced their target price on Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Verisk Analytics has a consensus rating of “Hold” and a consensus price target of $237.20.
Get Our Latest Analysis on VRSK
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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