Perigon Wealth Management LLC Has $224,000 Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Perigon Wealth Management LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 803 shares of the business services provider’s stock after purchasing an additional 55 shares during the quarter. Perigon Wealth Management LLC’s holdings in Verisk Analytics were worth $224,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VRSK. Marshall Financial Group LLC boosted its stake in Verisk Analytics by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC increased its holdings in Verisk Analytics by 1.5% in the third quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock worth $693,000 after purchasing an additional 38 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Verisk Analytics by 0.8% during the third quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock valued at $1,369,000 after acquiring an additional 43 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Verisk Analytics by 2.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 43 shares in the last quarter. Finally, Ascent Group LLC increased its holdings in shares of Verisk Analytics by 1.7% during the third quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kathy Card Beckles sold 2,111 shares of the business’s 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 $2,557,155.96. The trade was a 18.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the sale, the chief executive officer now directly owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,490 shares of company stock valued at $1,541,570. 0.40% of the stock is currently owned by insiders.

Verisk Analytics Stock Up 1.2 %

Shares of NASDAQ VRSK opened at $290.94 on Tuesday. The company has a market cap of $41.08 billion, a P/E ratio of 45.39, a PEG ratio of 3.30 and a beta of 0.88. The firm has a 50-day simple moving average of $281.51 and a two-hundred day simple moving average of $275.20. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.58. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRSK. Robert W. Baird upped 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. BMO Capital Markets increased their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barclays cut 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 reissued an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $293.11.

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.