Alliancebernstein L.P. lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,354,082 shares of the business services provider’s stock after purchasing an additional 158,791 shares during the period. Alliancebernstein L.P. owned 3.84% of Verisk Analytics worth $1,346,605,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of VRSK. NewEdge Advisors LLC boosted 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 worth $1,259,000 after acquiring an additional 44 shares in the last quarter. Nicolet Advisory Services LLC grew its position in shares of Verisk Analytics by 3.5% during the 3rd 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. Exencial Wealth Advisors LLC boosted its position in Verisk Analytics by 1.1% during the third quarter. Exencial Wealth Advisors LLC now owns 4,495 shares of the business services provider’s stock worth $1,131,000 after purchasing an additional 48 shares during the period. Global Retirement Partners LLC grew its stake in Verisk Analytics by 4.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,116 shares of the business services provider’s stock valued at $281,000 after buying an additional 49 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Verisk Analytics by 1.6% in the third quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
Verisk Analytics Trading Up 1.6%
VRSK opened at $201.22 on Friday. The business has a 50 day simple moving average of $204.39 and a two-hundred day simple moving average of $223.73. The firm has a market capitalization of $27.76 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.52 and a beta of 0.81. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.20 and a quick ratio of 1.20. Verisk Analytics, Inc. has a one year low of $164.60 and a one year high of $322.92.
Verisk Analytics Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.45. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.82%.
Verisk Analytics announced that its board has authorized a share repurchase program on Wednesday, February 18th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Verisk Analytics from $223.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, February 19th. Morgan Stanley set a $230.00 target price on shares of Verisk Analytics in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Verisk Analytics in a research note on Monday, December 29th. Finally, Raymond James Financial raised shares of Verisk Analytics from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $215.00 to $260.00 in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.20.
Get Our Latest Research Report on Verisk Analytics
Insider Transactions at Verisk Analytics
In related news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $219.54, for a total value of $65,862.00. Following the completion of the sale, the chief financial officer directly owned 14,265 shares of the company’s stock, valued at approximately $3,131,738.10. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher John Perry bought 1,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $180.00 per share, for a total transaction of $180,000.00. Following the purchase, the director owned 2,994 shares in the company, valued at $538,920. This represents a 50.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.46% of the stock is currently owned by corporate insiders.
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.
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