Verisk Analytics, Inc. (NASDAQ:VRSK – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.50 per share by the business services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th.
Verisk Analytics has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Verisk Analytics has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Verisk Analytics to earn $8.71 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.0%.
Verisk Analytics Stock Up 0.2%
Shares of NASDAQ VRSK opened at $176.20 on Friday. Verisk Analytics has a 52 week low of $155.94 and a 52 week high of $267.07. The business has a 50-day simple moving average of $190.14 and a two-hundred day simple moving average of $185.76. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 10.42. The company has a market cap of $22.93 billion, a P/E ratio of 27.07, a P/E/G ratio of 2.01 and a beta of 0.66.
Insider Buying and Selling
In related news, CEO Lee Shavel sold 3,535 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $193.43, for a total value of $683,775.05. Following the transaction, the chief executive officer owned 98,490 shares of the company’s stock, valued at $19,050,920.70. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth Mann sold 400 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.95, for a total value of $71,980.00. Following the sale, the chief financial officer owned 18,384 shares in the company, valued at $3,308,200.80. The trade was a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,990 shares of company stock worth $2,396,828. Corporate insiders own 0.52% of the company’s stock.
Institutional Trading of Verisk Analytics
Several hedge funds and other institutional investors have recently bought and sold shares of VRSK. XXEC Inc. bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $992,675,000. California State Teachers Retirement System grew its holdings in shares of Verisk Analytics by 17,108.0% during the 2nd quarter. California State Teachers Retirement System now owns 39,835,732 shares of the business services provider’s stock valued at $7,151,709,000 after purchasing an additional 39,604,236 shares during the last quarter. BlackRock Inc. bought a new position in shares of Verisk Analytics during the 2nd quarter valued at $1,852,678,000. Bamco Inc. NY purchased a new position in Verisk Analytics in the 2nd quarter worth $844,259,000. Finally, Capital International Investors raised its position in Verisk Analytics by 1,200.9% in the 4th quarter. Capital International Investors now owns 3,264,323 shares of the business services provider’s stock worth $730,196,000 after purchasing an additional 3,013,400 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc (NASDAQ:VRSK), commonly known as Verisk, is a data analytics and technology company that helps organizations manage risk and make informed decisions. The company primarily serves the insurance industry, providing data, predictive analytics, software and decision-support tools for property and casualty insurers, life insurers and other risk-focused businesses.
Verisk’s products and services support insurance underwriting, pricing, claims management, catastrophe modeling, fraud detection, actuarial analysis and regulatory compliance.
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