Verisk Analytics, Inc. (NASDAQ:VRSK) Position Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,131 shares of the business services provider’s stock after selling 6,049 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Verisk Analytics worth $30,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VRSK. Creative Planning boosted its position in shares of Verisk Analytics by 2.0% during the 3rd quarter. Creative Planning now owns 17,343 shares of the business services provider’s stock valued at $4,647,000 after purchasing an additional 340 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Verisk Analytics by 7.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,872 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 134 shares in the last quarter. Signaturefd LLC boosted its position in shares of Verisk Analytics by 1.5% during the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after purchasing an additional 38 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Verisk Analytics by 17.5% during the 3rd quarter. Private Advisor Group LLC now owns 3,221 shares of the business services provider’s stock valued at $863,000 after purchasing an additional 479 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Verisk Analytics by 22.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,261 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Barclays lowered shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a research note on Friday, January 10th. Robert W. Baird upped their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $293.11.

Verisk Analytics Price Performance

NASDAQ VRSK opened at $292.70 on Friday. The company has a 50 day simple moving average of $282.42 and a 200-day simple moving average of $276.93. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $41.33 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.94.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

Insider Transactions at Verisk Analytics

In related news, Director Bruce Edward Hansen sold 1,179 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $294.95, for a total transaction of $347,746.05. Following the transaction, the director now owns 13,786 shares of the company’s stock, valued at approximately $4,066,180.70. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $282.06, for a total transaction of $595,428.66. Following the transaction, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. The trade was a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock valued at $1,264,818 over the last three months. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.