Madison Asset Management LLC bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 398,522 shares of the business services provider’s stock, valued at approximately $71,547,000. Madison Asset Management LLC owned approximately 0.31% of Verisk Analytics as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Verisk Analytics in the 2nd quarter worth approximately $1,852,678,000. Capital International Investors boosted its holdings in Verisk Analytics by 1,200.9% during the fourth quarter. Capital International Investors now owns 3,264,323 shares of the business services provider’s stock worth $730,196,000 after buying an additional 3,013,400 shares in the last quarter. Norges Bank bought a new stake in Verisk Analytics during the fourth quarter worth approximately $346,457,000. Deutsche Bank AG acquired a new position in Verisk Analytics in the second quarter worth approximately $138,842,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Verisk Analytics in the second quarter valued at $122,866,000. 90.00% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Price Performance
VRSK opened at $186.45 on Thursday. The stock has a fifty day moving average of $187.80 and a 200-day moving average of $185.66. The firm has a market capitalization of $24.27 billion, a P/E ratio of 28.64, a PEG ratio of 2.00 and a beta of 0.67. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $276.19. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 10.42.
Verisk Analytics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Verisk Analytics’s payout ratio is 30.72%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Verisk Analytics from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Bank of America cut their target price on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Verisk Analytics in a report on Thursday, July 30th. Wells Fargo & Company lifted their price target on Verisk Analytics from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley set a $235.00 price objective on Verisk Analytics in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $236.27.
Read Our Latest Stock Analysis on VRSK
Insider Transactions at Verisk Analytics
In other news, insider Kathy Card Beckles sold 2,020 shares of Verisk Analytics stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $195.49, for a total transaction of $394,889.80. Following the completion of the sale, the insider directly owned 11,516 shares in the company, valued at $2,251,262.84. The trade was a 14.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce Edward Hansen sold 2,336 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the sale, the director directly owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. The trade was a 12.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,562 shares of company stock valued at $4,575,075. Corporate insiders own 0.52% 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.
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