Centricity Wealth Management LLC Makes New Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

Centricity Wealth Management LLC bought a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 101 shares of the business services provider’s stock, valued at approximately $28,000.

A number of other hedge funds have also bought and sold shares of the business. Citizens Financial Group Inc. RI raised its position in Verisk Analytics by 2.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock worth $543,000 after buying an additional 43 shares during the last quarter. Ascent Group LLC raised its position in Verisk Analytics by 1.7% in the 3rd quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock worth $672,000 after buying an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Verisk Analytics by 5.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 897 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 43 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of Verisk Analytics by 4.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 974 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 45 shares during the last quarter. Finally, Outlook Wealth Advisors LLC increased its position in shares of Verisk Analytics by 3.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,422 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Verisk Analytics from $313.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird upped their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a research note on Friday, January 10th. Finally, Morgan Stanley boosted their price objective on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $295.33.

Insiders Place Their Bets

In other news, insider Kathy Card Beckles sold 2,111 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the sale, the insider now directly owns 9,066 shares of the company’s stock, valued at $2,557,155.96. This represents a 18.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $294.95, for a total value of $347,746.05. Following the sale, the director now directly owns 13,786 shares in the company, valued at $4,066,180.70. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock worth $1,264,818 in the last three months. 0.40% of the stock is owned by company insiders.

Verisk Analytics Trading Up 0.8 %

VRSK stock opened at $295.11 on Friday. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.94. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $41.67 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 3.37 and a beta of 0.89. The business has a 50 day simple moving average of $282.65 and a two-hundred day simple moving average of $277.27.

Verisk Analytics Dividend Announcement

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