Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,364 shares of the business services provider’s stock after acquiring an additional 2,756 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Verisk Analytics worth $85,856,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Verisk Analytics by 1.0% during the second quarter. Vanguard Group Inc. now owns 16,894,802 shares of the business services provider’s stock valued at $5,262,731,000 after acquiring an additional 161,213 shares during the last quarter. Geode Capital Management LLC increased its stake in Verisk Analytics by 0.8% during the second quarter. Geode Capital Management LLC now owns 4,011,295 shares of the business services provider’s stock worth $1,249,900,000 after acquiring an additional 33,213 shares during the last quarter. Norges Bank acquired a new stake in Verisk Analytics during the 2nd quarter worth approximately $556,192,000. Parnassus Investments LLC raised its stake in shares of Verisk Analytics by 31.8% in the 3rd quarter. Parnassus Investments LLC now owns 1,492,715 shares of the business services provider’s stock valued at $375,433,000 after acquiring an additional 360,419 shares during the period. Finally, Franklin Resources Inc. raised its position in Verisk Analytics by 4.6% in the second quarter. Franklin Resources Inc. now owns 1,333,337 shares of the business services provider’s stock valued at $415,334,000 after purchasing an additional 58,772 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Trading Up 0.9%
Verisk Analytics stock opened at $224.16 on Thursday. The company’s fifty day moving average price is $220.31 and its two-hundred day moving average price is $248.68. Verisk Analytics, Inc. has a one year low of $196.99 and a one year high of $322.92. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.15 and a beta of 0.81.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 15th. Verisk Analytics’s payout ratio is 27.44%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on VRSK shares. Argus downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Friday, November 14th. The Goldman Sachs Group lowered their target price on shares of Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Evercore ISI reduced their price objective on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Morgan Stanley cut their price target on Verisk Analytics from $290.00 to $270.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $278.64.
Check Out Our Latest Stock Analysis on Verisk Analytics
Insiders Place Their Bets
In related news, Director Jeffrey J. Dailey bought 500 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $217.03 per share, for a total transaction of $108,515.00. Following the transaction, the director directly owned 3,962 shares of the company’s stock, valued at $859,872.86. This represents a 14.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sabra R. Purtill acquired 450 shares of Verisk Analytics stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $217.95 per share, for a total transaction of $98,077.50. Following the purchase, the director owned 1,327 shares of the company’s stock, valued at approximately $289,219.65. This represents a 51.31% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 1,450 shares of company stock valued at $314,663 and have sold 1,700 shares valued at $369,648. Insiders own 0.46% of the company’s stock.
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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