NewEdge Wealth LLC lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 96.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,692 shares of the business services provider’s stock after selling 90,599 shares during the period. NewEdge Wealth LLC’s holdings in Verisk Analytics were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Verisk Analytics by 2.1% in the third quarter. Vanguard Group Inc. now owns 17,241,327 shares of the business services provider’s stock worth $4,336,366,000 after buying an additional 346,525 shares during the period. Alliancebernstein L.P. boosted its holdings in Verisk Analytics by 3.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,354,082 shares of the business services provider’s stock valued at $1,346,605,000 after acquiring an additional 158,791 shares during the period. Northern Trust Corp grew its position in Verisk Analytics by 1.6% in the 3rd quarter. Northern Trust Corp now owns 1,694,505 shares of the business services provider’s stock valued at $426,185,000 after acquiring an additional 26,518 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Verisk Analytics by 6.4% in the third quarter. Ameriprise Financial Inc. now owns 1,493,296 shares of the business services provider’s stock worth $374,547,000 after purchasing an additional 89,193 shares during the period. Finally, Legal & General Group Plc increased its stake in Verisk Analytics by 5.2% in the third quarter. Legal & General Group Plc now owns 1,261,699 shares of the business services provider’s stock worth $317,330,000 after purchasing an additional 62,533 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Price Performance
VRSK opened at $156.84 on Friday. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.81 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 10.42. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $322.92. The business’s fifty day simple moving average is $185.39 and its 200-day simple moving average is $203.01.
Verisk Analytics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. Verisk Analytics’s payout ratio is currently 30.44%.
Verisk Analytics declared that its board has approved a stock buyback program on Wednesday, February 18th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VRSK. BMO Capital Markets reissued an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, February 19th. Raymond James Financial raised shares of Verisk Analytics from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $215.00 to $260.00 in a research note on Monday, March 2nd. UBS Group set a $224.00 price objective on shares of Verisk Analytics in a report on Thursday, February 19th. Bank of America initiated coverage on shares of Verisk Analytics in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $205.00 target price on the stock. Finally, Wall Street Zen raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $238.20.
Check Out Our Latest Research Report on VRSK
Insider Activity at Verisk Analytics
In other Verisk Analytics news, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $180.00 per share, with a total value of $180,000.00. Following the completion of the purchase, the director directly owned 2,994 shares of the company’s stock, valued at approximately $538,920. This represents a 50.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth Mann sold 400 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $171.57, for a total value of $68,628.00. Following the sale, the chief financial officer owned 19,984 shares of the company’s stock, valued at approximately $3,428,654.88. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.52% of the stock is currently owned by corporate 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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