Welch & Forbes LLC lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,060 shares of the business services provider’s stock after selling 125 shares during the quarter. Welch & Forbes LLC’s holdings in Verisk Analytics were worth $3,273,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Verisk Analytics by 248.2% during the fourth quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock worth $664,346,000 after buying an additional 2,684,234 shares in the last quarter. Norges Bank bought a new position in shares of Verisk Analytics in the fourth quarter worth $268,659,000. International Assets Investment Management LLC increased its position in shares of Verisk Analytics by 395,317.4% in the fourth quarter. International Assets Investment Management LLC now owns 569,401 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 569,257 shares during the period. Lazard Asset Management LLC increased its position in shares of Verisk Analytics by 40.4% in the fourth quarter. Lazard Asset Management LLC now owns 1,205,157 shares of the business services provider’s stock worth $212,612,000 after purchasing an additional 346,785 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Verisk Analytics by 154.8% in the first quarter. Wellington Management Group LLP now owns 471,903 shares of the business services provider’s stock worth $101,284,000 after purchasing an additional 286,687 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.
Verisk Analytics Trading Down 1.6 %
Shares of Verisk Analytics stock opened at $224.35 on Monday. The stock has a fifty day simple moving average of $212.37 and a 200 day simple moving average of $192.37. Verisk Analytics, Inc. has a 12-month low of $162.94 and a 12-month high of $228.43. The company has a market capitalization of $32.48 billion, a P/E ratio of 70.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 35.65.
Verisk Analytics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.36 annualized dividend and a yield of 0.61%. Verisk Analytics’s dividend payout ratio (DPR) is currently 42.50%.
Insider Buying and Selling
In other news, Director Bruce Edward Hansen sold 1,131 shares of Verisk Analytics stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $217.00, for a total transaction of $245,427.00. Following the sale, the director now directly owns 12,939 shares in the company, valued at approximately $2,807,763. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Wendy E. Lane acquired 1,037 shares of the stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $209.78 per share, for a total transaction of $217,541.86. Following the transaction, the director now owns 2,057 shares in the company, valued at approximately $431,517.46. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce Edward Hansen sold 1,131 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $217.00, for a total transaction of $245,427.00. Following the sale, the director now owns 12,939 shares in the company, valued at approximately $2,807,763. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,281 shares of company stock worth $3,182,509. 1.31% of the stock is owned by corporate insiders.
Analyst Ratings Changes
VRSK has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their target price on Verisk Analytics from $198.00 to $215.00 in a research report on Thursday, May 4th. Truist Financial lifted their target price on Verisk Analytics from $210.00 to $230.00 in a research report on Thursday, May 4th. TheStreet cut Verisk Analytics from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. 888 restated a “maintains” rating on shares of Verisk Analytics in a report on Thursday, May 4th. Finally, Redburn Partners upgraded Verisk Analytics from a “sell” rating to a “neutral” rating in a report on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $215.50.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.
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