Ameritas Advisory Services LLC acquired a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 155 shares of the business services provider’s stock, valued at approximately $48,000.
Other institutional investors also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. purchased a new stake in shares of Verisk Analytics during the 1st quarter worth approximately $25,000. Wayfinding Financial LLC purchased a new stake in shares of Verisk Analytics during the 1st quarter worth approximately $48,000. GW&K Investment Management LLC boosted its stake in shares of Verisk Analytics by 186.7% during the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider’s stock worth $51,000 after acquiring an additional 112 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Verisk Analytics during the 1st quarter worth approximately $52,000. Finally, WPG Advisers LLC purchased a new stake in shares of Verisk Analytics during the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Trading Down 0.4%
Shares of VRSK opened at $242.08 on Tuesday. The stock has a fifty day moving average of $258.45 and a two-hundred day moving average of $286.16. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $33.82 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85. Verisk Analytics, Inc. has a fifty-two week low of $239.78 and a fifty-two week high of $322.92.
Verisk Analytics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics’s payout ratio is currently 27.73%.
Wall Street Analyst Weigh In
VRSK has been the subject of several research reports. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wells Fargo & Company cut their price objective on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Wolfe Research initiated coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $311.00.
Get Our Latest Stock Report on Verisk Analytics
Insider Activity at Verisk Analytics
In other news, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the sale, the chief financial officer directly owned 15,165 shares of the company’s stock, valued at $3,862,828.80. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lee Shavel sold 1,100 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the sale, the chief executive officer owned 78,907 shares of the company’s stock, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,220 shares of company stock valued at $2,182,727 over the last quarter. 0.46% of the stock is currently owned by corporate insiders.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.
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