Truist Financial Corp Has $19.70 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Truist Financial Corp lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 71,512 shares of the business services provider’s stock after selling 3,715 shares during the quarter. Truist Financial Corp’s holdings in Verisk Analytics were worth $19,696,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC lifted 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 acquired a new position in Verisk Analytics in the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new position in Verisk Analytics in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new position in Verisk Analytics in the third quarter valued at $34,000. Finally, Sierra Ocean LLC acquired a new position in Verisk Analytics in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VRSK shares. Royal Bank of Canada restated an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays lowered shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price on the stock. in a report on Friday, January 10th. BMO Capital Markets lifted their price target 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. Finally, 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. 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. According to MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $293.11.

Verisk Analytics Trading Up 0.9 %

NASDAQ:VRSK opened at $295.86 on Thursday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $282.27 and a 200-day moving average of $276.82. The company has a market cap of $41.78 billion, a PE ratio of 46.16, a PEG ratio of 3.38 and a beta of 0.89. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.94.

Verisk Analytics Dividend Announcement

The firm 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. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s payout ratio is presently 24.34%.

Insider Transactions 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 shares were sold at an average price of $282.06, for a total value of $595,428.66. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total transaction of $347,746.05. Following the completion of the transaction, the director now owns 13,786 shares in the company, valued at approximately $4,066,180.70. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,469 shares of company stock valued at $1,264,818 over the last three months. Corporate insiders own 0.40% of the company’s stock.

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.