Trust Point Inc. Purchases Shares of 1,601 Verisk Analytics, Inc. (NASDAQ:VRSK)

Trust Point Inc. acquired a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,601 shares of the business services provider’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sugarloaf Wealth Management LLC bought a new position in Verisk Analytics in the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of Verisk Analytics during the third quarter valued at $34,000. Carolina Wealth Advisors LLC bought a new position in shares of Verisk Analytics during the third quarter valued at $50,000. Crews Bank & Trust bought a new position in shares of Verisk Analytics during the fourth quarter valued at $55,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Verisk Analytics by 101.5% during the third quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of VRSK stock opened at $291.64 on Thursday. The stock has a 50-day moving average price of $281.39 and a 200 day moving average price of $275.36. 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 firm has a market cap of $41.18 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.30 and a beta of 0.89. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.58.

Verisk Analytics Dividend Announcement

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

Insider Transactions at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was 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 in the company, valued at approximately $3,760,958.66. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the transaction, the chief executive officer now owns 54,163 shares of the company’s stock, valued at $15,517,157.87. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,490 shares of company stock worth $1,541,570. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on VRSK. 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 report on Friday, November 1st. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Verisk Analytics in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Barclays cut Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, 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.