Parametric Portfolio Associates LLC lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,158 shares of the business services provider’s stock after acquiring an additional 11,762 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.22% of Verisk Analytics worth $52,309,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in VRSK. AKO Capital LLP bought a new stake in Verisk Analytics in the 1st quarter worth approximately $93,699,000. Federated Investors Inc. PA grew its position in Verisk Analytics by 129.7% in the 1st quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock worth $108,594,000 after purchasing an additional 461,047 shares during the period. FMR LLC grew its position in Verisk Analytics by 2,216.3% in the 1st quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock worth $56,511,000 after purchasing an additional 406,553 shares during the period. Renaissance Technologies LLC bought a new stake in Verisk Analytics in the 2nd quarter worth approximately $37,464,000. Finally, Thoroughbred Financial Services LLC bought a new stake in Verisk Analytics in the 2nd quarter worth approximately $20,094,000. 91.40% of the stock is owned by institutional investors.
Shares of VRSK stock traded down $1.67 during mid-day trading on Friday, reaching $155.76. 717,965 shares of the company’s stock traded hands, compared to its average volume of 633,623. Verisk Analytics, Inc. has a 12 month low of $102.74 and a 12 month high of $164.97. The firm has a 50 day moving average price of $156.70 and a two-hundred day moving average price of $143.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $25.36 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.46 and a beta of 0.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, September 12th. Verisk Analytics’s payout ratio is 24.33%.
In related news, Director Constantine Iordanou sold 2,122 shares of Verisk Analytics stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $153.01, for a total transaction of $324,687.22. Following the transaction, the director now owns 59,214 shares in the company, valued at approximately $9,060,334.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David B. Wright sold 14,728 shares of Verisk Analytics stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the transaction, the director now owns 26,207 shares in the company, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. Insiders own 2.71% of the company’s stock.
A number of equities research analysts have commented on VRSK shares. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday. UBS Group boosted their price objective on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. Finally, Bank of America boosted their price objective on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $138.89.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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