Vise Technologies Inc. acquired a new position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,272 shares of the business services provider’s stock, valued at approximately $587,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Verisk Analytics by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 4,232 shares of the business services provider’s stock worth $1,259,000 after buying an additional 44 shares during the period. Nicolet Advisory Services LLC lifted its position in Verisk Analytics by 3.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,377 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 47 shares during the period. Essex Bank boosted its stake in Verisk Analytics by 0.4% during the fourth quarter. Essex Bank now owns 12,388 shares of the business services provider’s stock worth $2,771,000 after acquiring an additional 53 shares in the last quarter. Barr E S & Co. boosted its stake in Verisk Analytics by 3.1% during the fourth quarter. Barr E S & Co. now owns 1,973 shares of the business services provider’s stock worth $441,000 after acquiring an additional 60 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Verisk Analytics by 14.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 497 shares of the business services provider’s stock worth $89,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Trading Up 1.1%
NASDAQ:VRSK opened at $189.55 on Tuesday. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.10 and a beta of 0.67. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 10.42. The company’s 50 day moving average price is $188.17 and its 200-day moving average price is $185.24. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $273.83.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 presently 30.72%.
Insider Activity at Verisk Analytics
In other Verisk Analytics news, Director Samuel G. Liss sold 4,671 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $182.21, for a total value of $851,102.91. Following the completion of the transaction, the director owned 69,098 shares of the company’s stock, valued at approximately $12,590,346.58. The trade was a 6.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lee Shavel sold 3,535 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $196.94, for a total transaction of $696,182.90. Following the transaction, the chief executive officer owned 98,490 shares in the company, valued at $19,396,620.60. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,227 shares of company stock valued at $4,174,599 over the last three months. 0.52% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Verisk Analytics from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings cut Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Rothschild & Co Redburn set a $185.00 price target on Verisk Analytics and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Evercore set a $223.00 price objective on Verisk Analytics in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $247.00 price objective on Verisk Analytics in a research note on Thursday, July 30th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $236.27.
View Our Latest Stock Report on VRSK
Verisk Analytics 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.
Recommended Stories
- Five stocks we like better than Verisk Analytics
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report).
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.
