Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,215 shares of the business services provider’s stock after acquiring an additional 127 shares during the quarter. Redmond Asset Management LLC’s holdings in Verisk Analytics were worth $2,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its stake in Verisk Analytics by 468.8% during the fourth quarter. Manchester Capital Management LLC now owns 91 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $29,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Buying and Selling at Verisk Analytics

In other news, insider Kathy Card Beckles sold 2,111 shares of the 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 completion of the sale, the insider now owns 9,066 shares in the company, valued at approximately $2,557,155.96. This represents a 18.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the sale, the director now directly owns 13,786 shares of the company’s stock, valued at $3,760,958.66. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock worth $1,264,818 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $295.11 on Friday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.94. 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 company has a market cap of $41.67 billion, a P/E ratio of 46.04, a PEG ratio of 3.37 and a beta of 0.89. The firm has a fifty day moving average price of $282.65 and a 200 day moving average price of $277.16.

Verisk Analytics Dividend Announcement

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

Analysts Set New Price Targets

VRSK has been the subject of a number of recent analyst reports. 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. Morgan Stanley lifted their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of Verisk Analytics from $313.00 to $325.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets lifted their price objective on 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, Robert W. Baird lifted their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $295.33.

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.