Empower Advisory Group LLC raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 29,469.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 233,004 shares of the business services provider's stock after purchasing an additional 232,216 shares during the quarter. Empower Advisory Group LLC owned 0.17% of Verisk Analytics worth $64,176,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC increased its position 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 purchasing an additional 75 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new position in shares of Verisk Analytics during the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in Verisk Analytics during the 3rd quarter worth $34,000. Finally, Sierra Ocean LLC acquired a new position in Verisk Analytics in the 4th quarter worth about $45,000. Institutional investors own 90.00% of the company's stock.
Shares of NASDAQ VRSK opened at $293.48 on Tuesday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The firm's 50-day simple moving average is $281.75 and its 200 day simple moving average is $276.27. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 3.39 and a beta of 0.89. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.94.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. Verisk Analytics's payout ratio is 24.34%.
In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the sale, the director now directly owns 13,786 shares of the company's stock, valued at approximately $3,760,958.66. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 of the company's stock, valued at approximately $2,557,155.96. This trade represents a 18.89 % 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 worth $1,264,818. 0.40% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Robert W. Baird boosted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Barclays lowered shares of 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $300.00 target price on shares of Verisk Analytics in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $293.11.
Check Out Our Latest Analysis on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Verisk Analytics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verisk Analytics wasn't on the list.
While Verisk Analytics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.