Louisiana State Employees Retirement System Sells 1,000 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Louisiana State Employees Retirement System lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,900 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Verisk Analytics were worth $4,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of Verisk Analytics by 188.2% in the third quarter. Sanctuary Advisors LLC now owns 25,637 shares of the business services provider’s stock worth $7,454,000 after purchasing an additional 16,742 shares during the period. Aaron Wealth Advisors LLC bought a new position in Verisk Analytics in the 4th quarter worth approximately $212,000. Icon Wealth Advisors LLC lifted its holdings in shares of Verisk Analytics by 899.1% during the third quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock worth $2,913,000 after buying an additional 10,726 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Verisk Analytics by 479.1% in the third quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock valued at $4,516,000 after acquiring an additional 13,943 shares during the period. Finally, KBC Group NV grew its stake in shares of Verisk Analytics by 15.3% in the third quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock worth $9,622,000 after acquiring an additional 4,767 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the transaction, the chief executive officer now owns 54,163 shares in the company, valued at approximately $15,517,157.87. The trade was a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the sale, the chief financial officer now owns 15,608 shares in the company, valued at $4,471,535.92. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,669 shares of company stock valued at $1,889,316 in the last ninety days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a research note on Tuesday, January 7th. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price for the company. in a research note on Friday, January 10th. BMO Capital Markets boosted their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley raised their price objective on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lifted their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $293.11.

Verisk Analytics Stock Performance

Shares of NASDAQ:VRSK opened at $293.06 on Thursday. The business’s fifty day moving average price is $281.46 and its two-hundred day moving average price is $275.92. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.58. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 3.39 and a beta of 0.89. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio is currently 24.34%.

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.