Harvey Investment Co. LLC Sells 1,050 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Harvey Investment Co. LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,595 shares of the business services provider’s stock after selling 1,050 shares during the period. Verisk Analytics comprises 4.3% of Harvey Investment Co. LLC’s portfolio, making the stock its 5th biggest position. Harvey Investment Co. LLC’s holdings in Verisk Analytics were worth $37,622,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in Verisk Analytics during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new position in Verisk Analytics in the third quarter worth $34,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Verisk Analytics in the third quarter valued at $50,000. Crews Bank & Trust bought a new position in shares of Verisk Analytics in the fourth quarter valued at about $55,000. Finally, Catalyst Capital Advisors LLC lifted its position in Verisk Analytics by 101.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock worth $74,000 after buying an additional 139 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the transaction, the insider now directly owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. The trade was a 18.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the sale, the director now directly owns 13,786 shares in the company, valued at approximately $3,760,958.66. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,490 shares of company stock worth $1,541,570 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Up 1.1 %

Shares of Verisk Analytics stock opened at $294.95 on Friday. The business has a fifty day simple moving average of $281.34 and a 200 day simple moving average of $275.61. The stock has a market cap of $41.65 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.30 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. 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays downgraded 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. Robert W. Baird boosted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective 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. Morgan Stanley boosted their target price on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 price target on shares of Verisk Analytics in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Verisk Analytics presently has an average rating of “Hold” and an average 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.