State of New Jersey Common Pension Fund D Sells 100 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

State of New Jersey Common Pension Fund D cut its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,025 shares of the business services provider’s stock after selling 100 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Verisk Analytics were worth $14,054,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Verisk Analytics in the 4th quarter valued at about $45,000. Allworth Financial LP grew its stake in shares of Verisk Analytics by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,619 shares of the business services provider’s stock valued at $452,000 after purchasing an additional 104 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at $29,000. Manchester Capital Management LLC increased its position in Verisk Analytics by 468.8% in the fourth 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 during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Verisk Analytics by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 95,570 shares of the business services provider’s stock worth $26,502,000 after buying an additional 583 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, 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 value of $347,746.05. Following the transaction, the director now owns 13,786 shares in the company, valued at $4,066,180.70. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathy Card Beckles sold 2,111 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the transaction, the insider now owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. This represents a 18.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock valued at $1,264,818 in the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Verisk Analytics Price Performance

Shares of NASDAQ VRSK opened at $293.48 on Tuesday. The business’s 50 day moving average is $281.75 and its 200-day moving average is $276.27. The firm has a market cap 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. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.94. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics Announces Dividend

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

Verisk Analytics 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.