Illinois Municipal Retirement Fund reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 35.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,294 shares of the business services provider’s stock after selling 18,412 shares during the period. Illinois Municipal Retirement Fund’s holdings in Verisk Analytics were worth $6,318,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Verisk Analytics by 1.5% in the fourth quarter. State Street Corp now owns 6,076,730 shares of the business services provider’s stock valued at $1,359,304,000 after buying an additional 88,300 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Verisk Analytics by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,121,219 shares of the business services provider’s stock worth $923,576,000 after buying an additional 36,194 shares during the last quarter. Morgan Stanley boosted its position in shares of Verisk Analytics by 10.2% during the 4th quarter. Morgan Stanley now owns 3,914,224 shares of the business services provider’s stock worth $875,574,000 after acquiring an additional 362,050 shares in the last quarter. Capital International Investors boosted its position in shares of Verisk Analytics by 1,200.9% during the 4th quarter. Capital International Investors now owns 3,264,323 shares of the business services provider’s stock worth $730,196,000 after acquiring an additional 3,013,400 shares in the last quarter. Finally, Parnassus Investments LLC boosted its position in shares of Verisk Analytics by 21.6% during the 4th quarter. Parnassus Investments LLC now owns 1,815,060 shares of the business services provider’s stock worth $406,011,000 after acquiring an additional 322,345 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Stock Down 0.4%
VRSK opened at $200.68 on Friday. The business’s 50-day simple moving average is $179.05 and its 200-day simple moving average is $190.55. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.02 and a current ratio of 1.02. Verisk Analytics, Inc. has a one year low of $155.94 and a one year high of $304.29. The stock has a market capitalization of $26.29 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69.
Verisk Analytics Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.50 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. Verisk Analytics’s payout ratio is currently 30.44%.
Analyst Ratings Changes
VRSK has been the topic of several research analyst reports. Rothschild & Co Redburn set a $185.00 target price on Verisk Analytics and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. increased their price target 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. Bank of America cut their price objective on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $230.00 price objective on shares of Verisk Analytics in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $234.87.
Read Our Latest Research Report on VRSK
Insider Buying and Selling at Verisk Analytics
In other news, Director Samuel G. Liss sold 4,671 shares of Verisk Analytics stock in a transaction on Friday, June 5th. The shares were sold at an average price of $182.21, for a total value of $851,102.91. Following the transaction, the director directly owned 69,098 shares of the company’s stock, valued at $12,590,346.58. The trade was a 6.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce Edward Hansen sold 2,336 shares of Verisk Analytics stock in a transaction on Monday, June 1st. The shares were sold at an average price of $174.99, for a total transaction of $408,776.64. Following the completion of the transaction, the director directly owned 15,868 shares in the company, valued at $2,776,741.32. The trade was a 12.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 16,507 shares of company stock worth $2,925,710. 0.52% of the stock is owned by insiders.
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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