CIBC Asset Management Inc Acquires 1,240 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

CIBC Asset Management Inc lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,530 shares of the business services provider’s stock after purchasing an additional 1,240 shares during the quarter. CIBC Asset Management Inc’s holdings in Verisk Analytics were worth $12,540,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VRSK. Manchester Capital Management LLC increased its holdings in shares of Verisk Analytics by 468.8% during 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. Sugarloaf Wealth Management LLC bought a new position in Verisk Analytics in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in Verisk Analytics in the fourth quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in Verisk Analytics in the third quarter valued at approximately $34,000. Finally, Sierra Ocean LLC bought a new position in Verisk Analytics in the fourth quarter valued at approximately $45,000. 90.00% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Kathy Card Beckles sold 2,111 shares of the firm’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 completion of the sale, the insider now directly owns 9,066 shares of the company’s stock, valued at approximately $2,557,155.96. This trade represents a 18.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction of $321,642.99. Following the completion of the sale, the director now directly owns 13,786 shares of the company’s stock, 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 90 days, insiders sold 4,469 shares of company stock valued at $1,264,818. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $293.30 on Wednesday. The firm’s 50 day simple moving average is $281.92 and its 200 day simple moving average is $276.50. 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 firm has a market capitalization of $41.42 billion, a PE ratio of 45.76, 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.

Verisk Analytics Announces Dividend

The firm also recently disclosed 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 of this dividend 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 24.34%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. 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. Morgan Stanley lifted their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Verisk Analytics in a research note on Tuesday, January 7th. Six 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. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and a consensus price target of $293.11.

About Verisk Analytics

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.