Concurrent Investment Advisors LLC Decreases Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Concurrent Investment Advisors LLC decreased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,375 shares of the business services provider’s stock after selling 35 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Verisk Analytics were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC boosted its position in shares of Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after buying an additional 283,653 shares during the period. Franklin Resources Inc. lifted its stake in shares of Verisk Analytics by 6.8% in the third quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after acquiring an additional 78,376 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Verisk Analytics by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after acquiring an additional 8,262 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Verisk Analytics by 46.7% in the third quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock worth $164,750,000 after acquiring an additional 195,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Verisk Analytics by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,650 shares of the business services provider’s stock worth $91,622,000 after acquiring an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Up 0.6 %

Shares of NASDAQ VRSK opened at $297.01 on Tuesday. The stock’s 50 day moving average price is $282.97 and its two-hundred day moving average price is $277.62. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $298.71. The stock has a market capitalization of $41.94 billion, a P/E ratio of 46.34, a PEG 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.

Verisk Analytics Dividend Announcement

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

Wall Street Analyst Weigh In

VRSK has been the topic of several recent analyst reports. Barclays cut Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target on the stock. in a research note on Friday, January 10th. Morgan Stanley boosted their price target on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their price target on 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 boosted their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on Verisk Analytics from $313.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $295.33.

Insider Buying and Selling at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 2,111 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the sale, the insider now owns 9,066 shares in the company, valued at $2,557,155.96. The trade was a 18.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,469 shares of company stock worth $1,264,818 over the last quarter. 0.40% of the stock is owned by corporate insiders.

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.