Hsbc Holdings PLC purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 427,041 shares of the business services provider’s stock, valued at approximately $76,681,000.
Other large investors also recently made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in Verisk Analytics in the 2nd quarter worth about $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Verisk Analytics during the 4th quarter valued at about $27,000. Reflection Asset Management acquired a new position in shares of Verisk Analytics during the 4th quarter valued at about $30,000. Elyxium Wealth LLC purchased a new position in shares of Verisk Analytics during the 4th quarter worth about $31,000. Finally, Titan Wealth CI Ltd purchased a new position in shares of Verisk Analytics during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Stock Down 0.3%
Shares of NASDAQ VRSK opened at $187.87 on Thursday. 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, Inc. has a 1 year low of $155.94 and a 1 year high of $273.83. The stock’s 50-day simple moving average is $188.60 and its 200-day simple moving average is $185.26. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.11 and a beta of 0.67.
Verisk Analytics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 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 30.72%.
Insiders Place Their Bets
In other Verisk Analytics news, insider Kathy Card Beckles sold 2,020 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $195.49, for a total transaction of $394,889.80. Following the transaction, the insider directly owned 11,516 shares in the company, valued at $2,251,262.84. This represents a 14.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lee Shavel sold 3,535 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $196.94, for a total transaction of $696,182.90. Following the transaction, the chief executive officer directly owned 98,490 shares of the company’s stock, valued at approximately $19,396,620.60. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,227 shares of company stock valued at $4,174,599. 0.52% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Robert W. Baird set a $247.00 price target on shares of Verisk Analytics in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Verisk Analytics from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America lowered their price target on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating for the company 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 report on Tuesday, August 11th. Finally, Morgan Stanley set a $235.00 price objective on Verisk Analytics 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $236.27.
Read Our Latest Research Report on VRSK
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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