TimesSquare Capital Management LLC purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 341,089 shares of the business services provider’s stock, valued at approximately $61,236,000. TimesSquare Capital Management LLC owned 0.26% of Verisk Analytics as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of 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 valued at $20,249,000 after acquiring an additional 18,461 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Verisk Analytics by 441.5% in the fourth quarter. Boston Trust Walden Corp now owns 44,185 shares of the business services provider’s stock worth $9,884,000 after acquiring an additional 36,025 shares in the last quarter. Varma Mutual Pension Insurance Co acquired a new position in shares of Verisk Analytics in the fourth quarter worth about $13,489,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Verisk Analytics by 5.1% in the fourth 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 purchasing an additional 14,720 shares during the last quarter. Finally, Premier Fund Managers Ltd acquired a new stake in Verisk Analytics during the 4th quarter valued at approximately $2,367,000. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Price Performance
Shares of VRSK opened at $175.62 on Tuesday. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.04 and a beta of 0.67. The stock has a 50 day moving average of $187.81 and a 200-day moving average of $186.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $276.19.
Verisk Analytics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is 30.72%.
Analyst Ratings Changes
VRSK has been the topic of several analyst reports. Morgan Stanley set a $235.00 price objective on Verisk Analytics in a report on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, July 30th. Bank of America dropped their price target on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Wells Fargo & Company upped their price target on shares of Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective 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 investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $236.27.
Get Our Latest Stock Analysis on VRSK
Insider Buying and Selling
In related news, insider Kathy Card Beckles sold 2,020 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $195.49, for a total transaction of $394,889.80. Following the completion of the sale, the insider owned 11,516 shares of the company’s stock, valued at $2,251,262.84. This represents a 14.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Edward Hansen sold 2,336 shares of Verisk Analytics stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the transaction, the director owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,562 shares of company stock worth $4,575,075. Company insiders own 0.52% of the company’s stock.
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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