Fenimore Asset Management Inc lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 36.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,194 shares of the business services provider’s stock after buying an additional 50,450 shares during the quarter. Fenimore Asset Management Inc’s holdings in Verisk Analytics were worth $42,097,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Verisk Analytics by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,241,327 shares of the business services provider’s stock valued at $4,336,366,000 after buying an additional 346,525 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Verisk Analytics by 3.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,354,082 shares of the business services provider’s stock valued at $1,346,605,000 after buying an additional 158,791 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Verisk Analytics by 1.6% during the 3rd quarter. Northern Trust Corp now owns 1,694,505 shares of the business services provider’s stock valued at $426,185,000 after buying an additional 26,518 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Verisk Analytics by 6.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,493,296 shares of the business services provider’s stock valued at $374,547,000 after buying an additional 89,193 shares in the last quarter. Finally, Parnassus Investments LLC lifted its stake in shares of Verisk Analytics by 31.8% during 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 buying an additional 360,419 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Stock Down 1.8%
Shares of VRSK stock opened at $181.11 on Friday. The stock has a market cap of $23.73 billion, a P/E ratio of 27.57, a PEG ratio of 2.16 and a beta of 0.72. Verisk Analytics, Inc. has a 52 week low of $161.70 and a 52 week high of $322.92. The company has a quick ratio of 1.20, a current ratio of 1.02 and a debt-to-equity ratio of 10.42. The company’s fifty day simple moving average is $190.18 and its two-hundred day simple moving average is $207.02.
Verisk Analytics declared that its board has initiated a share buyback plan on Wednesday, February 18th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Verisk Analytics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 1.1%. Verisk Analytics’s payout ratio is presently 30.44%.
Insider Buying and Selling at Verisk Analytics
In other news, CFO Elizabeth Mann sold 400 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $171.57, for a total transaction of $68,628.00. Following the sale, the chief financial officer directly owned 19,984 shares in the company, valued at approximately $3,428,654.88. This represents a 1.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher John Perry acquired 1,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $180.00 per share, for a total transaction of $180,000.00. Following the completion of the purchase, the director owned 2,994 shares of the company’s stock, valued at approximately $538,920. This represents a 50.15% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Verisk Analytics from $223.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 target price on shares of Verisk Analytics in a research note on Monday, March 30th. UBS Group set a $224.00 target price on shares of Verisk Analytics in a research note on Thursday, February 19th. Capital One Financial set a $224.00 target price on shares of Verisk Analytics in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.20.
Read Our Latest Stock Analysis on Verisk Analytics
Verisk Analytics Company 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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