EFG International AG bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 7,485 shares of the business services provider’s stock, valued at approximately $1,344,000.
A number of other institutional investors and hedge funds have also made changes to their positions in VRSK. Oppenheimer Asset Management Inc. boosted its position in shares of Verisk Analytics by 25.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 90,522 shares of the business services provider’s stock worth $20,249,000 after buying an additional 18,461 shares in the last quarter. Varma Mutual Pension Insurance Co purchased a new position in Verisk Analytics during the 4th quarter valued at about $13,489,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Verisk Analytics by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 302,134 shares of the business services provider’s stock valued at $66,778,000 after acquiring an additional 14,720 shares in the last quarter. Premier Fund Managers Ltd acquired a new position in Verisk Analytics during the fourth quarter worth about $2,367,000. Finally, Danske Bank A S raised its position in Verisk Analytics by 8.1% during the fourth quarter. Danske Bank A S now owns 76,761 shares of the business services provider’s stock worth $17,171,000 after acquiring an additional 5,740 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Trading Down 0.3%
Shares of VRSK opened at $187.87 on Thursday. Verisk Analytics, Inc. has a fifty-two week low of $155.94 and a fifty-two week high of $273.83. The company has a market capitalization of $24.45 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67. The stock has a fifty day moving average of $188.60 and a two-hundred day moving average of $185.26. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.01 and a current ratio of 1.01.
Verisk Analytics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.72%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Bank of America lowered their price target on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings downgraded Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $247.00 price objective on Verisk Analytics in a research note on Thursday, July 30th. UBS Group lifted their price objective on Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Verisk Analytics from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $236.27.
Get Our Latest Stock Report on Verisk Analytics
Insider Transactions at Verisk Analytics
In other Verisk Analytics news, Director Bruce Edward Hansen sold 2,336 shares of Verisk Analytics stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the sale, the director owned 15,868 shares in the company, valued at $2,776,741.32. The trade was a 12.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Samuel G. Liss sold 4,671 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $182.21, for a total transaction of $851,102.91. Following the transaction, the director directly owned 69,098 shares of the company’s stock, valued at approximately $12,590,346.58. This represents a 6.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,227 shares of company stock worth $4,174,599 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.
About Verisk Analytics
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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