Clifford Swan Investment Counsel LLC raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 1,629.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,042 shares of the business services provider’s stock after acquiring an additional 42,438 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Verisk Analytics were worth $8,086,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CTC Alternative Strategies Ltd. purchased a new stake in shares of Verisk Analytics in the second quarter valued at about $251,000. Two Sigma Securities LLC increased its stake in shares of Verisk Analytics by 206.7% during the 2nd quarter. Two Sigma Securities LLC now owns 9,862 shares of the business services provider’s stock worth $1,771,000 after purchasing an additional 6,646 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Verisk Analytics by 20.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 230,100 shares of the business services provider’s stock worth $41,309,000 after purchasing an additional 38,534 shares in the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $404,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Verisk Analytics by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,478,422 shares of the business services provider’s stock worth $265,421,000 after purchasing an additional 60,420 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Stock Performance
Shares of VRSK opened at $193.78 on Tuesday. Verisk Analytics, Inc. has a 1 year low of $155.94 and a 1 year high of $273.83. The company’s 50 day simple moving average is $189.80 and its 200 day simple moving average is $185.61. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.15 and a beta of 0.67. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is presently 30.72%.
Insiders Place Their Bets
In other Verisk Analytics news, insider Kathy Card Beckles sold 2,020 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $195.49, for a total value of $394,889.80. Following the sale, the insider directly owned 11,516 shares of the company’s stock, valued at approximately $2,251,262.84. This trade 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, CFO Elizabeth Mann sold 400 shares of Verisk Analytics stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.95, for a total value of $71,980.00. Following the completion of the sale, the chief financial officer owned 18,384 shares of the company’s stock, valued at $3,308,200.80. This trade represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,126 shares of company stock valued at $2,564,156. 0.52% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on VRSK shares. Rothschild & Co Redburn set a $185.00 target price on Verisk Analytics and gave the company a “neutral” rating in a report on Thursday, June 18th. UBS Group boosted their price target on Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Evercore set a $223.00 price objective on Verisk Analytics in a research report on Thursday, July 30th. Bank of America decreased their price objective on Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.27.
Check Out Our Latest Report on VRSK
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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