Truist Financial Corp Has $19.70 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Truist Financial Corp reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,512 shares of the business services provider’s stock after selling 3,715 shares during the period. Truist Financial Corp owned about 0.05% of Verisk Analytics worth $19,696,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VRSK. FMR LLC lifted its position in Verisk Analytics by 6.5% during the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after acquiring an additional 283,653 shares during the last quarter. Franklin Resources Inc. lifted its position in Verisk Analytics by 6.8% during the third quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after acquiring an additional 78,376 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Verisk Analytics by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after acquiring an additional 8,262 shares during the last quarter. Two Sigma Advisers LP lifted its position in Verisk Analytics by 46.7% during the third quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock worth $164,750,000 after acquiring an additional 195,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Verisk Analytics by 0.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,650 shares of the business services provider’s stock worth $91,622,000 after acquiring an additional 1,308 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Verisk Analytics Stock Performance

Shares of NASDAQ:VRSK opened at $295.86 on Thursday. The company’s 50 day simple moving average is $282.27 and its 200 day simple moving average is $276.82. The stock has a market capitalization of $41.78 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 3.38 and a beta of 0.89. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.94.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. Verisk Analytics’s payout ratio is presently 24.34%.

Insiders Place Their Bets

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction 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 sale, the director now owns 13,786 shares of the company’s stock, valued at approximately $4,066,180.70. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the sale, 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. Over the last quarter, insiders have sold 4,469 shares of company stock valued at $1,264,818. 0.40% of the stock is currently owned by insiders.

Verisk Analytics 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.