Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,375 shares of the business services provider’s stock after selling 35 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Verisk Analytics were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in Verisk Analytics by 7.2% during the fourth quarter. Handelsbanken Fonder AB now owns 86,855 shares of the business services provider’s stock worth $23,922,000 after purchasing an additional 5,822 shares during the last quarter. Callahan Advisors LLC raised its holdings in Verisk Analytics by 9.4% during the fourth quarter. Callahan Advisors LLC now owns 17,003 shares of the business services provider’s stock worth $4,683,000 after purchasing an additional 1,458 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Verisk Analytics in the fourth quarter worth $32,000. Empower Advisory Group LLC raised its holdings in shares of Verisk Analytics by 29,469.0% in the fourth quarter. Empower Advisory Group LLC now owns 233,004 shares of the business services provider’s stock worth $64,176,000 after acquiring an additional 232,216 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Verisk Analytics by 2.8% in the fourth quarter. CIBC Asset Management Inc now owns 45,530 shares of the business services provider’s stock worth $12,540,000 after acquiring an additional 1,240 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was 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 of the company’s stock, valued at approximately $2,557,155.96. The trade was a 18.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total value of $347,746.05. Following the sale, the director now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,469 shares of company stock valued at $1,264,818. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $297.01 on Tuesday. The company has a market cap of $41.94 billion, a P/E ratio of 46.34, a P/E/G ratio of 3.37 and a beta of 0.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $298.71. The business has a fifty day simple moving average of $282.97 and a 200-day simple moving average of $277.62.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis 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 presently 24.34%.

Analyst Ratings Changes

A number of research firms have recently weighed in on VRSK. Robert W. Baird boosted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on 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 Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a report on Friday, January 10th. Finally, Wells Fargo & Company boosted their price target on Verisk Analytics from $313.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.33.

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.