Keybank National Association OH trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 34.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,569 shares of the business services provider’s stock after selling 2,906 shares during the quarter. Keybank National Association OH’s holdings in Verisk Analytics were worth $1,246,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Flossbach Von Storch SE raised its stake in shares of Verisk Analytics by 344.8% during the fourth quarter. Flossbach Von Storch SE now owns 239,560 shares of the business services provider’s stock worth $53,587,000 after buying an additional 185,697 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Verisk Analytics by 35.2% during the fourth quarter. Wealthfront Advisers LLC now owns 31,593 shares of the business services provider’s stock worth $7,067,000 after buying an additional 8,222 shares during the last quarter. M&T Bank Corp raised its stake in shares of Verisk Analytics by 23.9% during the fourth quarter. M&T Bank Corp now owns 19,591 shares of the business services provider’s stock worth $4,382,000 after buying an additional 3,784 shares during the last quarter. Middleton & Co. Inc. MA raised its stake in shares of Verisk Analytics by 10.6% during the fourth quarter. Middleton & Co. Inc. MA now owns 45,276 shares of the business services provider’s stock worth $10,128,000 after buying an additional 4,355 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC raised its stake in shares of Verisk Analytics by 3.6% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 62,381 shares of the business services provider’s stock worth $13,954,000 after buying an additional 2,157 shares during the last quarter. 90.00% of the stock is owned by institutional investors.
Verisk Analytics Stock Down 1.8%
Shares of NASDAQ:VRSK opened at $181.11 on Friday. Verisk Analytics, Inc. has a 52 week low of $161.70 and a 52 week high of $322.92. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.20 and a current ratio of 1.02. The company has a market capitalization of $23.73 billion, a PE ratio of 27.57, a PEG ratio of 2.16 and a beta of 0.72. The company has a 50 day moving average price of $190.18 and a two-hundred day moving average price of $207.02.
Verisk Analytics announced that its Board of Directors has initiated a stock buyback 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 buy up to 10.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Verisk Analytics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Verisk Analytics’s dividend payout ratio is currently 30.44%.
Insider Buying and Selling at Verisk Analytics
In other news, CFO Elizabeth Mann sold 400 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $171.57, for a total transaction of $68,628.00. Following the completion of the sale, the chief financial officer owned 19,984 shares of the company’s stock, valued at $3,428,654.88. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 cost of $180.00 per share, with a total value of $180,000.00. Following the transaction, the director directly owned 2,994 shares of the company’s stock, valued at $538,920. This represents a 50.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $230.00 price target on shares of Verisk Analytics in a research note on Thursday, February 19th. UBS Group set a $224.00 price target on shares of Verisk Analytics in a research note on Thursday, February 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $230.00 price target on shares of Verisk Analytics in a research note on Monday, March 30th. Raymond James Financial raised shares of Verisk Analytics from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $215.00 to $260.00 in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and an average target price of $238.20.
View Our Latest Analysis on Verisk Analytics
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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