OneAscent Wealth Management LLC Has $210,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

OneAscent Wealth Management LLC cut its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 761 shares of the business services provider’s stock after selling 249 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Verisk Analytics were worth $210,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VRSK. Manchester Capital Management LLC grew its holdings in Verisk Analytics by 468.8% during the 4th 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 bought a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in Verisk Analytics in the 4th quarter worth approximately $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in Verisk Analytics during the 4th quarter worth $30,000. 90.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target 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 objective on shares of Verisk Analytics from $280.00 to $297.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Barclays cut Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price for the company. in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price objective on shares of Verisk Analytics in a research report on Tuesday, January 7th. Finally, Robert W. Baird raised their target price on shares of Verisk Analytics from $298.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Verisk Analytics has an average rating of “Hold” and an average price target of $299.33.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK opened at $294.58 on Friday. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $306.10. The stock has a market capitalization of $41.32 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 3.37 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. The business has a 50-day moving average of $290.81 and a 200-day moving average of $281.39.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company had revenue of $735.60 million for the quarter, compared to analysts’ expectations of $733.55 million. As a group, sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.39. Verisk Analytics’s dividend payout ratio (DPR) is 26.87%.

Verisk Analytics declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics 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 completion of the transaction, the director now directly owns 13,786 shares of the company’s stock, valued at $4,066,180.70. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathy Card Beckles sold 2,111 shares of the company’s stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 5,648 shares of company stock worth $1,613,047 in the last ninety days. Insiders own 0.40% of the company’s stock.

About Verisk Analytics

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.