Alecta Tjanstepension Omsesidigt bought a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 178,637 shares of the business services provider’s stock, valued at approximately $44,902,000. Alecta Tjanstepension Omsesidigt owned about 0.13% of Verisk Analytics as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Verisk Analytics by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 17,241,327 shares of the business services provider’s stock worth $4,336,366,000 after purchasing an additional 346,525 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Verisk Analytics by 3.1% during the third quarter. Alliancebernstein L.P. now owns 5,354,082 shares of the business services provider’s stock valued at $1,346,605,000 after buying an additional 158,791 shares during the last quarter. Norges Bank acquired a new position in shares of Verisk Analytics during the second quarter worth approximately $556,192,000. Northern Trust Corp boosted its position in shares of Verisk Analytics by 1.6% during the third quarter. Northern Trust Corp now owns 1,694,505 shares of the business services provider’s stock worth $426,185,000 after buying an additional 26,518 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Verisk Analytics by 6.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,493,296 shares of the business services provider’s stock worth $374,547,000 after buying an additional 89,193 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Stock Performance
Shares of NASDAQ VRSK opened at $204.47 on Thursday. Verisk Analytics, Inc. has a 1 year low of $164.60 and a 1 year high of $322.92. The firm has a market cap of $28.20 billion, a P/E ratio of 31.51, a PEG ratio of 2.55 and a beta of 0.81. The stock has a fifty day moving average price of $203.42 and a two-hundred day moving average price of $222.40. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.20 and a current ratio of 1.20.
Verisk Analytics Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.45. Verisk Analytics’s dividend payout ratio is currently 30.82%.
Verisk Analytics announced that its board has authorized a stock repurchase program on Wednesday, February 18th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Analyst Ratings Changes
Several analysts recently commented on VRSK shares. Morgan Stanley set a $230.00 target price on Verisk Analytics in a research report on Thursday, February 19th. BMO Capital Markets reissued an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Verisk Analytics in a report on Monday, December 29th. Wolfe Research restated an “outperform” rating on shares of Verisk Analytics in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reduced their price objective on shares of Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.20.
Check Out Our Latest Report on Verisk Analytics
Insider Buying and Selling at Verisk Analytics
In other Verisk Analytics news, Director Christopher John Perry acquired 1,000 shares of the stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $180.00 per share, with a total value of $180,000.00. Following the purchase, the director directly owned 2,994 shares of the company’s stock, valued at approximately $538,920. This trade represents a 50.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.
Verisk Analytics Company 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.
Featured Articles
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.
