Shelter Mutual Insurance Co acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 39,700 shares of the business services provider’s stock, valued at approximately $7,127,000. Verisk Analytics accounts for about 1.5% of Shelter Mutual Insurance Co’s holdings, making the stock its 26th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Verisk Analytics in the 4th quarter worth about $27,000. Osterweis Capital Management Inc. bought a new position in shares of Verisk Analytics in the 2nd quarter valued at about $28,000. Reflection Asset Management purchased a new position in Verisk Analytics in the fourth quarter worth about $30,000. Elyxium Wealth LLC purchased a new position in Verisk Analytics in the fourth quarter worth about $31,000. Finally, MCF Advisors LLC increased its stake in Verisk Analytics by 141.7% during the fourth quarter. MCF Advisors LLC now owns 145 shares of the business services provider’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Stock Performance
Verisk Analytics stock opened at $187.50 on Friday. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $24.41 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.10 and a beta of 0.67. Verisk Analytics, Inc. has a 1-year low of $155.94 and a 1-year high of $274.78. The company’s 50-day moving average is $187.99 and its 200 day moving average is $185.46.
Verisk Analytics Announces Dividend
The business 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 $0.50 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Verisk Analytics’s dividend payout ratio is presently 30.72%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on VRSK shares. 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 report on Tuesday, May 19th. Weiss Ratings downgraded Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. UBS Group increased their price target on Verisk Analytics from $220.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Robert W. Baird set a $247.00 price target on Verisk Analytics in a research report on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Verisk Analytics has a consensus rating of “Hold” and a consensus price target of $236.27.
Read Our Latest Research Report on Verisk Analytics
Insider Activity at Verisk Analytics
In other Verisk Analytics news, CFO Elizabeth Mann sold 400 shares of the business’s 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 directly owned 18,384 shares of the company’s stock, valued at $3,308,200.80. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce Edward Hansen sold 2,336 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $174.99, for a total transaction of $408,776.64. Following the completion of the transaction, the director owned 15,868 shares in the company, valued at $2,776,741.32. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,227 shares of company stock worth $4,174,599 over the last ninety days. 0.52% of the stock is currently owned by company 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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