The Manufacturers Life Insurance Company Grows Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)
The Manufacturers Life Insurance Company raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 13.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 161,587 shares of the business services provider’s stock after acquiring an additional 19,155 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Verisk Analytics were worth $21,491,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Verisk Analytics by 10,289.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,530,830 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4,487,221 shares during the last quarter. Norges Bank purchased a new stake in shares of Verisk Analytics during the fourth quarter worth about $158,450,000. AKO Capital LLP purchased a new stake in shares of Verisk Analytics during the first quarter worth about $93,699,000. Federated Investors Inc. PA increased its position in shares of Verisk Analytics by 129.7% during the first quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock worth $108,594,000 after acquiring an additional 461,047 shares during the last quarter. Finally, Fundsmith LLP purchased a new stake in shares of Verisk Analytics during the fourth quarter worth about $49,116,000. 93.51% of the stock is currently owned by institutional investors.
Shares of Verisk Analytics stock opened at $145.83 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $23.79 billion, a P/E ratio of 34.52, a PEG ratio of 3.25 and a beta of 0.77. Verisk Analytics, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $147.94.
The company also recently disclosed a special dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 24.33%.
A number of brokerages have recently issued reports on VRSK. Barclays reaffirmed a “buy” rating and set a $155.00 target price on shares of Verisk Analytics in a research report on Sunday, May 5th. Morgan Stanley set a $132.00 target price on Verisk Analytics and gave the stock a “hold” rating in a research report on Thursday, May 2nd. SunTrust Banks lifted their target price on Verisk Analytics to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. UBS Group lifted their target price on Verisk Analytics from $111.00 to $119.00 and gave the stock a “sell” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $130.00.
In related news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the completion of the sale, the director now directly owns 66,605 shares of the company’s stock, valued at $8,580,056.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher M. Foskett sold 10,078 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $146.54, for a total value of $1,476,830.12. Following the completion of the sale, the director now directly owns 20,759 shares of the company’s stock, valued at $3,042,023.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,259 shares of company stock valued at $3,116,542. 2.71% of the stock is owned by corporate insiders.
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About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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