Handelsbanken Fonder AB increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,210 shares of the business services provider’s stock after acquiring an additional 17,520 shares during the quarter. Handelsbanken Fonder AB’s holdings in Verisk Analytics were worth $27,216,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Andra AP fonden boosted its stake in Verisk Analytics by 51.3% in the third quarter. Andra AP fonden now owns 85,800 shares of the business services provider’s stock valued at $21,580,000 after acquiring an additional 29,100 shares during the period. R Squared Ltd bought a new stake in shares of Verisk Analytics in the 3rd quarter worth approximately $1,084,000. Advisor OS LLC lifted its holdings in shares of Verisk Analytics by 17.1% in the 3rd quarter. Advisor OS LLC now owns 5,012 shares of the business services provider’s stock worth $1,261,000 after purchasing an additional 731 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Verisk Analytics by 3.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 287,414 shares of the business services provider’s stock valued at $72,287,000 after purchasing an additional 9,969 shares during the period. Finally, Intech Investment Management LLC grew its stake in Verisk Analytics by 7.5% during the 3rd quarter. Intech Investment Management LLC now owns 23,099 shares of the business services provider’s stock worth $5,810,000 after buying an additional 1,602 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.
Verisk Analytics Price Performance
NASDAQ VRSK opened at $207.57 on Friday. Verisk Analytics, Inc. has a 12 month low of $164.60 and a 12 month high of $322.92. The firm has a market capitalization of $28.63 billion, a PE ratio of 31.98, a P/E/G ratio of 2.63 and a beta of 0.79. The company’s 50 day simple moving average is $206.95 and its 200 day simple moving average is $228.14. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.20 and a quick ratio of 1.20.
Verisk Analytics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. Verisk Analytics’s dividend payout ratio is presently 27.73%.
Verisk Analytics announced that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the business services provider to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
VRSK has been the topic of several analyst reports. Robert W. Baird set a $230.00 target price on Verisk Analytics in a research report on Thursday, February 19th. Morgan Stanley set a $230.00 price objective on shares of Verisk Analytics in a report on Thursday, February 19th. Wolfe Research reissued an “outperform” rating on shares of Verisk Analytics in a research note on Monday, December 29th. Argus cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. cut their price target on Verisk Analytics from $260.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Verisk Analytics currently has an average rating of “Hold” and an average target price of $240.86.
Get Our Latest Stock Analysis on VRSK
Insider Transactions at Verisk Analytics
In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $219.54, for a total transaction of $65,862.00. Following the completion of the transaction, the chief financial officer owned 14,265 shares in the company, valued at approximately $3,131,738.10. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher John Perry bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $180.00 per share, for a total transaction of $180,000.00. Following the completion of the acquisition, the director directly owned 2,994 shares in the company, valued at approximately $538,920. This represents a 50.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.46% of the stock is owned by 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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