Fred Alger Management LLC lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 29.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,603 shares of the business services provider’s stock after selling 15,094 shares during the quarter. Fred Alger Management LLC’s holdings in Verisk Analytics were worth $8,955,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of Verisk Analytics by 1.1% during the first quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 44 shares during the last quarter. Woodline Partners LP raised its position in Verisk Analytics by 39.6% in the 1st quarter. Woodline Partners LP now owns 11,931 shares of the business services provider’s stock valued at $3,551,000 after purchasing an additional 3,385 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Verisk Analytics by 114.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the business services provider’s stock worth $75,000 after purchasing an additional 135 shares during the period. Foundations Investment Advisors LLC acquired a new stake in Verisk Analytics during the 2nd quarter worth $209,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Verisk Analytics by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,307 shares of the business services provider’s stock worth $10,687,000 after purchasing an additional 2,014 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Trading Up 1.7%
NASDAQ VRSK opened at $204.74 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.42. The stock has a market capitalization of $28.24 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.52 and a beta of 0.81. Verisk Analytics, Inc. has a 52-week low of $164.60 and a 52-week high of $322.92. The firm has a 50-day moving average price of $204.07 and a 200 day moving average price of $222.98.
Verisk Analytics declared that its board has authorized a share buyback program on Wednesday, February 18th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Verisk Analytics Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, March 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.82%.
Insiders Place Their Bets
In other Verisk Analytics news, Director Christopher John Perry acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $180.00 per share, with a total value of $180,000.00. Following the completion of the acquisition, the director directly owned 2,994 shares of the company’s stock, valued at approximately $538,920. The trade was a 50.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on VRSK. BMO Capital Markets restated an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, February 19th. Wolfe Research reissued an “outperform” rating on shares of Verisk Analytics in a report on Monday, December 29th. Weiss Ratings restated a “hold (c)” rating on shares of Verisk Analytics in a research report on Monday, December 29th. Wall Street Zen raised Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Capital One Financial set a $224.00 target price on Verisk Analytics in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Verisk Analytics has an average rating of “Moderate Buy” and an average price target of $237.20.
Get Our Latest Analysis 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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