Public Employees Retirement System of Ohio bought a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,325 shares of the business services provider’s stock, valued at approximately $6,701,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSK. NewEdge Advisors LLC grew its holdings in Verisk Analytics by 1.1% during the first quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 44 shares during the period. Nicolet Advisory Services LLC raised its holdings in Verisk Analytics by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,377 shares of the business services provider’s stock worth $339,000 after purchasing an additional 47 shares during the period. Barr E S & Co. raised its holdings in Verisk Analytics by 3.1% in the fourth quarter. Barr E S & Co. now owns 1,973 shares of the business services provider’s stock worth $441,000 after purchasing an additional 60 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Verisk Analytics by 14.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 497 shares of the business services provider’s stock worth $89,000 after purchasing an additional 61 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Verisk Analytics by 2.5% during the third quarter. Ausdal Financial Partners Inc. now owns 2,813 shares of the business services provider’s stock worth $708,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
Verisk Analytics Price Performance
Shares of NASDAQ VRSK opened at $194.35 on Wednesday. The firm has a market cap of $25.30 billion, a PE ratio of 29.85, a PEG ratio of 2.21 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. Verisk Analytics, Inc. has a 1-year low of $155.94 and a 1-year high of $273.83. The company has a fifty day moving average price of $190.19 and a 200 day moving average price of $185.75.
Verisk Analytics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is presently 30.72%.
Insider Buying and Selling
In other news, insider Kathy Card Beckles sold 2,020 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $195.49, for a total value of $394,889.80. Following the completion of the sale, the insider owned 11,516 shares of the company’s stock, valued at approximately $2,251,262.84. This represents a 14.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Samuel G. Liss sold 4,671 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $182.21, for a total transaction of $851,102.91. Following the completion of the sale, the director owned 69,098 shares of the company’s stock, valued at approximately $12,590,346.58. This represents a 6.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,126 shares of company stock valued at $2,564,156. 0.52% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on VRSK. Bank of America dropped their price objective on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Evercore set a $223.00 price target on Verisk Analytics in a report on Thursday, July 30th. UBS Group raised their price target on Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Robert W. Baird set a $247.00 price objective on Verisk Analytics in a report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.27.
Check Out Our Latest Report on Verisk Analytics
Verisk Analytics 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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