Kestra Private Wealth Services LLC Grows Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Kestra Private Wealth Services LLC raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,679 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Kestra Private Wealth Services LLC’s holdings in Verisk Analytics were worth $738,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Verisk Analytics by 2.0% during the third quarter. Creative Planning now owns 17,343 shares of the business services provider’s stock worth $4,647,000 after purchasing an additional 340 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Verisk Analytics by 3.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,083 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 143 shares during the period. Marshall Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 38 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Verisk Analytics by 10.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,482 shares of the business services provider’s stock worth $4,149,000 after acquiring an additional 1,504 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Verisk Analytics by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,485 shares of the business services provider’s stock worth $398,000 after purchasing an additional 52 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lowered 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. Robert W. Baird upped their price objective 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 raised their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $293.11.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $293.48 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The company has a market capitalization of $41.44 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 3.39 and a beta of 0.89. The firm has a 50-day moving average price of $281.62 and a two-hundred day moving average price of $276.17. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $296.94.

Verisk Analytics Announces Dividend

The business also recently disclosed 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 dividend payout ratio is currently 24.34%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $282.06, for a total value of $595,428.66. Following the transaction, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. This represents a 18.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $294.95, for a total transaction of $347,746.05. Following the sale, the director now owns 13,786 shares of the company’s stock, valued at approximately $4,066,180.70. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,469 shares of company stock valued at $1,545,528. 0.40% of the stock is owned by corporate insiders.

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.