Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 31,826 shares of the business services provider’s stock after purchasing an additional 521 shares during the quarter. Amalgamated Bank’s holdings in Verisk Analytics were worth $8,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC grew its position in shares of Verisk Analytics by 468.8% in the 4th quarter. Manchester Capital Management LLC now owns 91 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Sugarloaf Wealth Management LLC bought a new position in Verisk Analytics during the fourth quarter worth $28,000. Centricity Wealth Management LLC acquired a new position in Verisk Analytics in the fourth quarter worth $28,000. Roxbury Financial LLC bought a new stake in Verisk Analytics during the fourth quarter valued at $29,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Verisk Analytics during the fourth quarter worth $32,000. 90.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Verisk Analytics from $313.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, February 21st. BMO Capital Markets lifted their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 price target on shares of Verisk Analytics in a report on Tuesday, January 7th. Finally, Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $295.33.

Insider Activity

In other news, insider Kathy Card Beckles sold 2,111 shares of Verisk Analytics stock in a transaction on Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the transaction, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. This trade represents a 18.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the sale, the director now directly owns 13,786 shares in the company, valued at $3,760,958.66. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,469 shares of company stock valued at $1,264,818. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $299.72 on Wednesday. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $300.50. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. The business has a 50 day simple moving average of $283.36 and a 200 day simple moving average of $277.87.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.