GAM Holding AG Sells 1,380 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

GAM Holding AG reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,569 shares of the business services provider’s stock after selling 1,380 shares during the quarter. GAM Holding AG’s holdings in Verisk Analytics were worth $4,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VRSK. FMR LLC raised its position in shares of Verisk Analytics by 6.5% during the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after buying an additional 283,653 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Verisk Analytics by 6.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after purchasing an additional 78,376 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Verisk Analytics by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock valued at $214,676,000 after purchasing an additional 8,262 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Verisk Analytics by 46.7% during the 3rd quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock valued at $164,750,000 after buying an additional 195,700 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Verisk Analytics by 1.9% during the 3rd quarter. Raymond James & Associates now owns 385,195 shares of the business services provider’s stock valued at $103,217,000 after buying an additional 7,098 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $293.48 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The firm has a market cap of $41.44 billion, a P/E ratio of 45.78, a P/E/G ratio of 3.39 and a beta of 0.89. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.94. The firm has a 50-day moving average of $281.75 and a 200-day moving average of $276.27.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.34%.

Insider Transactions at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total transaction of $321,642.99. Following the sale, the director now owns 13,786 shares of the company’s stock, valued at approximately $3,760,958.66. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction dated 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 owns 9,066 shares in the company, valued at $2,557,155.96. This represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,469 shares of company stock worth $1,264,818. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 price target on shares of Verisk Analytics in a research report on Tuesday, January 7th. Robert W. Baird increased their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Morgan Stanley lifted their target price 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 upped their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $293.11.

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.