Ingalls & Snyder LLC Sells 400 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Ingalls & Snyder LLC lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,440 shares of the business services provider’s stock after selling 400 shares during the quarter. Ingalls & Snyder LLC’s holdings in Verisk Analytics were worth $1,774,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its holdings in Verisk Analytics by 188.2% in the third quarter. Sanctuary Advisors LLC now owns 25,637 shares of the business services provider’s stock worth $7,454,000 after purchasing an additional 16,742 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at about $212,000. Icon Wealth Advisors LLC increased its position in Verisk Analytics by 899.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock valued at $2,913,000 after buying an additional 10,726 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in Verisk Analytics by 479.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock worth $4,516,000 after buying an additional 13,943 shares during the period. Finally, KBC Group NV boosted its holdings in Verisk Analytics by 15.3% in the third quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock worth $9,622,000 after acquiring an additional 4,767 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK opened at $295.50 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The company has a market capitalization of $41.73 billion, a PE ratio of 46.10, a PEG ratio of 3.39 and a beta of 0.89. The stock’s 50 day moving average price is $281.49 and its 200-day moving average price is $276.04. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $296.58.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.39 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.53%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity

In other news, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total transaction of $321,642.99. Following the completion of the transaction, the director now directly owns 13,786 shares of the company’s stock, valued at $3,760,958.66. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $280.71, for a total transaction of $280,710.00. Following the sale, the chief executive officer now owns 53,163 shares of the company’s stock, valued at approximately $14,923,385.73. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,469 shares of company stock valued at $1,545,528 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VRSK has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a report on Tuesday, January 7th. Robert W. Baird lifted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Barclays lowered shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price on the stock. in a report on Friday, January 10th. Finally, BMO Capital Markets lifted their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $293.11.

Verisk Analytics Company Profile

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.