Illinois Municipal Retirement Fund Has $10.98 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Illinois Municipal Retirement Fund raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,857 shares of the business services provider’s stock after purchasing an additional 1,158 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Verisk Analytics were worth $10,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its stake 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 valued at $25,000 after acquiring an additional 75 shares during the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in Verisk Analytics in the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in Verisk Analytics in the fourth quarter valued at $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $28,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock opened at $299.72 on Wednesday. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. 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 50-day simple moving average of $283.36 and a two-hundred day simple moving average of $277.87. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $300.50.

Verisk Analytics Dividend Announcement

The business also recently declared 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 dividend yield of 0.52%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity at Verisk Analytics

In related news, insider Kathy Card Beckles sold 2,111 shares of Verisk Analytics stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $282.06, for a total transaction of $595,428.66. Following the sale, the insider now directly owns 9,066 shares in the company, valued at $2,557,155.96. This trade represents a 18.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total transaction of $321,642.99. Following the sale, the director now owns 13,786 shares in the company, valued at approximately $3,760,958.66. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,469 shares of company stock valued at $1,264,818. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRSK. BMO Capital Markets raised their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Robert W. Baird raised their target price 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. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price for the company. in a research note on Friday, January 10th. Morgan Stanley raised their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on shares of Verisk Analytics from $313.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $295.33.

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.