Canada Pension Plan Investment Board purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 214,220 shares of the business services provider’s stock, valued at approximately $38,459,000. Canada Pension Plan Investment Board owned 0.16% of Verisk Analytics as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in VRSK. Oppenheimer Asset Management Inc. grew its position in Verisk Analytics by 25.6% during the fourth 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 bought a new stake in shares of Verisk Analytics during the 4th quarter valued at $13,489,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 worth $66,778,000 after purchasing an additional 14,720 shares in the last quarter. Premier Fund Managers Ltd bought a new position in shares of Verisk Analytics in the fourth quarter worth $2,367,000. Finally, Danske Bank A S increased its position in shares of Verisk Analytics by 8.1% in the fourth quarter. Danske Bank A S now owns 76,761 shares of the business services provider’s stock worth $17,171,000 after purchasing an additional 5,740 shares during the period. Institutional investors own 90.00% of the company’s stock.
Verisk Analytics Stock Performance
Shares of VRSK opened at $191.02 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. The stock has a market capitalization of $24.86 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.10 and a beta of 0.67. The firm’s fifty day simple moving average is $188.94 and its two-hundred day simple moving average is $185.34. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $273.83.
Verisk Analytics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is currently 30.72%.
Insiders Place Their Bets
In other news, CFO Elizabeth Mann sold 400 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.95, for a total value of $71,980.00. Following the transaction, the chief financial officer owned 18,384 shares in the company, valued at $3,308,200.80. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Samuel G. Liss sold 6,765 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $177.63, for a total value of $1,201,666.95. Following the transaction, the director owned 69,098 shares in the company, valued at approximately $12,273,877.74. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,227 shares of company stock worth $4,174,599 in the last 90 days. Company insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
VRSK has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Robert W. Baird set a $247.00 target price on Verisk Analytics in a report on Thursday, July 30th. Evercore set a $223.00 price target on Verisk Analytics in a research note on Thursday, July 30th. UBS Group upped 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, Morgan Stanley set a $235.00 price objective on Verisk Analytics in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Moderate Buy” and an average price target of $236.27.
Read Our Latest Stock Report on Verisk Analytics
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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