Verisk Analytics, Inc. (NASDAQ:VRSK – Get Free Report) Director Bruce Edward Hansen sold 2,336 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $174.99, for a total transaction of $408,776.64. Following the completion of the sale, the director owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. This represents a 12.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bruce Edward Hansen also recently made the following trade(s):
- On Friday, May 22nd, Bruce Edward Hansen sold 2,335 shares of Verisk Analytics stock. The stock was sold at an average price of $171.51, for a total transaction of $400,475.85.
Verisk Analytics Stock Up 5.1%
NASDAQ:VRSK opened at $183.97 on Tuesday. The company has a market cap of $24.10 billion, a PE ratio of 28.00, a P/E/G ratio of 1.96 and a beta of 0.69. Verisk Analytics, Inc. has a twelve month low of $155.94 and a twelve month high of $322.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 10.42. The company’s 50 day moving average is $177.24 and its two-hundred day moving average is $199.13.
Verisk Analytics Announces Dividend
The firm also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Verisk Analytics’s dividend payout ratio is 30.44%.
Verisk Analytics announced that its board has approved a stock repurchase plan on Wednesday, February 18th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
VRSK has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $230.00 price target on shares of Verisk Analytics in a report on Monday, March 30th. UBS Group set a $224.00 price target on shares of Verisk Analytics in a report on Thursday, February 19th. Morgan Stanley set a $235.00 price target on shares of Verisk Analytics in a report on Thursday, April 30th. Raymond James Financial raised shares of Verisk Analytics from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $215.00 to $260.00 in a report on Monday, March 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Verisk Analytics from $239.00 to $206.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $237.20.
View Our Latest Stock Analysis on VRSK
Institutional Investors Weigh In On Verisk Analytics
Hedge funds have recently modified their holdings of the business. Capital International Investors increased its position in Verisk Analytics by 1,200.9% during the fourth quarter. Capital International Investors now owns 3,264,323 shares of the business services provider’s stock worth $730,196,000 after purchasing an additional 3,013,400 shares during the last quarter. Norges Bank purchased a new position in Verisk Analytics during the fourth quarter worth about $346,457,000. AQR Capital Management LLC boosted its stake in Verisk Analytics by 334.5% during the third quarter. AQR Capital Management LLC now owns 754,548 shares of the business services provider’s stock worth $188,237,000 after buying an additional 580,885 shares during the period. Squarepoint Ops LLC boosted its stake in Verisk Analytics by 1,879.0% during the third quarter. Squarepoint Ops LLC now owns 566,235 shares of the business services provider’s stock worth $142,414,000 after buying an additional 537,623 shares during the period. Finally, First Trust Advisors LP boosted its stake in Verisk Analytics by 232.3% during the third quarter. First Trust Advisors LP now owns 760,599 shares of the business services provider’s stock worth $191,298,000 after buying an additional 531,713 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.
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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