Grandfield & Dodd LLC bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 150,140 shares of the business services provider’s stock, valued at approximately $26,955,000. Verisk Analytics accounts for approximately 1.4% of Grandfield & Dodd LLC’s holdings, making the stock its 22nd largest holding. Grandfield & Dodd LLC owned about 0.12% of Verisk Analytics at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in VRSK. Oppenheimer Asset Management Inc. grew its holdings in Verisk Analytics by 25.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 90,522 shares of the business services provider’s stock worth $20,249,000 after buying an additional 18,461 shares in the last quarter. Boston Trust Walden Corp raised its position in Verisk Analytics by 441.5% in the fourth quarter. Boston Trust Walden Corp now owns 44,185 shares of the business services provider’s stock worth $9,884,000 after acquiring an additional 36,025 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in shares of Verisk Analytics in the 4th quarter worth approximately $13,489,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 valued at $66,778,000 after buying an additional 14,720 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in Verisk Analytics during the fourth quarter valued at about $2,367,000. 90.00% of the stock is owned by institutional investors.
Verisk Analytics Stock Down 3.3%
VRSK opened at $175.62 on Tuesday. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $276.19. 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 price is $187.81 and its 200-day moving average price is $186.15. The company has a market cap of $22.86 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.04 and a beta of 0.67.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.72%.
Insiders Place Their Bets
In related news, CFO Elizabeth Mann sold 400 shares of the 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 completion of the transaction, the chief financial officer directly owned 18,384 shares of the company’s stock, valued at $3,308,200.80. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathy Card Beckles sold 2,020 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $195.49, for a total value of $394,889.80. Following the completion of the transaction, the insider directly owned 11,516 shares of the company’s stock, valued at $2,251,262.84. This represents a 14.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,562 shares of company stock valued at $4,575,075 over the last quarter. 0.52% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently commented on VRSK shares. UBS Group boosted their price objective on shares of Verisk Analytics from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Verisk Analytics from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $247.00 price objective on Verisk Analytics in a research note on Thursday, July 30th. Weiss Ratings cut Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Verisk Analytics in a report 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $236.27.
Get Our Latest Analysis 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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