M&T Bank Corp raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 23.9% in the fourth quarter, HoldingsChannel reports. The firm owned 19,591 shares of the business services provider’s stock after buying an additional 3,784 shares during the quarter. M&T Bank Corp’s holdings in Verisk Analytics were worth $4,382,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in VRSK. Osterweis Capital Management Inc. purchased a new stake in Verisk Analytics during the 2nd quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Verisk Analytics during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund bought a new position in shares of Verisk Analytics during the 4th quarter valued at $27,000. First Horizon Corp bought a new position in shares of Verisk Analytics during the 3rd quarter valued at $35,000. Finally, Kelleher Financial Advisors bought a new position in shares of Verisk Analytics during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Verisk Analytics Price Performance
Shares of Verisk Analytics stock opened at $170.94 on Thursday. Verisk Analytics, Inc. has a one year low of $161.70 and a one year high of $322.92. The stock’s fifty day moving average is $189.93 and its 200 day moving average is $205.91. The stock has a market cap of $22.40 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.02 and a beta of 0.72. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.02 and a current ratio of 1.02.
Verisk Analytics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Verisk Analytics’s dividend payout ratio (DPR) is currently 30.44%.
Verisk Analytics announced that its board has approved a share buyback plan on Wednesday, February 18th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 10.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on VRSK. Morgan Stanley set a $235.00 price target on Verisk Analytics in a report on Thursday, April 30th. Capital One Financial set a $224.00 price target on Verisk Analytics in a report on Thursday, March 5th. Raymond James Financial raised Verisk Analytics from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $215.00 to $260.00 in a report on Monday, March 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Verisk Analytics in a report on Monday, March 30th. Finally, Wells Fargo & Company raised their target price on Verisk Analytics from $223.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.20.
Check Out Our Latest Stock Report on Verisk Analytics
Insider Transactions at Verisk Analytics
In other Verisk Analytics news, Director Christopher John Perry purchased 1,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $180.00 per share, with a total value of $180,000.00. Following the completion of the acquisition, the director directly owned 2,994 shares in the company, valued at $538,920. The trade was a 50.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 400 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $171.57, for a total value of $68,628.00. Following the sale, the chief financial officer directly owned 19,984 shares in the company, valued at approximately $3,428,654.88. This represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.52% of the stock is owned by company insiders.
Verisk Analytics Profile
Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.
Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.
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