Glenview Trust Co purchased a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,247 shares of the business services provider’s stock, valued at approximately $583,000.
Other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. purchased a new position in Verisk Analytics in the second quarter valued at about $992,675,000. BlackRock Inc. acquired a new position in shares of Verisk Analytics in the 2nd quarter valued at approximately $1,852,678,000. State Street Corp raised its position in shares of Verisk Analytics by 1.5% in the 4th quarter. State Street Corp now owns 6,076,730 shares of the business services provider’s stock valued at $1,359,304,000 after purchasing an additional 88,300 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at approximately $844,259,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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 valued at $923,576,000 after buying an additional 36,194 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Verisk Analytics Price Performance
Shares of Verisk Analytics stock opened at $191.77 on Friday. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $273.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. The stock has a market cap of $24.96 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. The company’s 50-day moving average price is $189.30 and its two-hundred day moving average price is $185.39.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 annualized dividend and a yield of 1.0%. Verisk Analytics’s payout ratio is 30.72%.
Insider Transactions at Verisk Analytics
In other news, 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 completion of the sale, the chief executive officer directly owned 98,490 shares of the company’s stock, valued at $19,396,620.60. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth Mann sold 400 shares of Verisk Analytics stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.95, for a total value of $71,980.00. Following the completion of the transaction, the chief financial officer owned 18,384 shares in the company, valued at $3,308,200.80. The trade was a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,227 shares of company stock valued at $4,174,599 in the last 90 days. 0.52% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on VRSK. UBS Group lifted their price target on shares of Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Evercore set a $223.00 price target on shares of Verisk Analytics in a research report on Thursday, July 30th. Robert W. Baird set a $247.00 price target on Verisk Analytics in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their price objective on Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and a consensus price target of $236.27.
View Our Latest Research Report on Verisk Analytics
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.
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