Verisk Analytics, Inc. (NASDAQ:VRSK – Get Free Report) Director Bruce Edward Hansen sold 2,336 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $174.99, for a total transaction of $408,776.64. Following the completion of the transaction, the director directly owned 15,868 shares in the company, valued at approximately $2,776,741.32. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Bruce Edward Hansen also recently made the following trade(s):
- On Friday, May 22nd, Bruce Edward Hansen sold 2,335 shares of Verisk Analytics stock. The stock was sold at an average price of $171.51, for a total transaction of $400,475.85.
Verisk Analytics Stock Performance
VRSK opened at $179.10 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 10.42. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.06 and a beta of 0.69. The company’s 50 day moving average is $177.24 and its 200 day moving average is $199.13. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $322.92.
Verisk Analytics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Verisk Analytics’s dividend payout ratio (DPR) is presently 30.44%.
Verisk Analytics declared that its board has initiated a share repurchase program on Wednesday, February 18th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 10.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.
Hedge Funds Weigh In On Verisk Analytics
Several large investors have recently added to or reduced their stakes in VRSK. Osterweis Capital Management Inc. purchased a new position in shares of Verisk Analytics in the second quarter worth $28,000. Ameriflex Group Inc. purchased a new position in shares of Verisk Analytics in the third quarter worth $25,000. Board of the Pension Protection Fund purchased a new position in shares of Verisk Analytics in the fourth quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Verisk Analytics in the fourth quarter worth $27,000. Finally, Reflection Asset Management purchased a new position in shares of Verisk Analytics in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company lifted their price target on shares of Verisk Analytics from $223.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Morgan Stanley set a $235.00 price target on shares of Verisk Analytics in a report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on shares of Verisk Analytics in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Verisk Analytics from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $237.20.
Check Out Our Latest 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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