Swedbank AB trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,889 shares of the business services provider’s stock after selling 1,528 shares during the period. Swedbank AB owned about 0.08% of Verisk Analytics worth $29,440,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Sugarloaf Wealth Management LLC bought a new position in Verisk Analytics in the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new stake in Verisk Analytics during the 3rd quarter worth approximately $34,000. Carolina Wealth Advisors LLC acquired a new position in Verisk Analytics in the 3rd quarter valued at approximately $50,000. Catalyst Capital Advisors LLC increased its holdings in Verisk Analytics by 101.5% in the third quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 139 shares during the period. Finally, Quarry LP bought a new position in shares of Verisk Analytics during the third quarter worth about $79,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
Verisk Analytics Price Performance
Verisk Analytics stock opened at $288.08 on Friday. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The stock has a market cap of $40.68 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 3.20 and a beta of 0.88. The business has a 50-day simple moving average of $281.57 and a 200 day simple moving average of $275.11.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.54%. Verisk Analytics’s payout ratio is 24.34%.
Insider Buying and Selling at Verisk Analytics
In related news, insider Kathy Card Beckles sold 2,111 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the sale, the insider now directly owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. This represents a 18.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the sale, the director now owns 13,786 shares of the company’s stock, valued at $3,760,958.66. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,490 shares of company stock valued at $1,541,570. Corporate insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on VRSK shares. BMO Capital Markets increased their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Morgan Stanley raised 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. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price on the stock. in a research note on Friday, January 10th. Robert W. Baird boosted their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $293.11.
Check Out Our Latest Research Report on Verisk Analytics
Verisk Analytics 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.
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