Adero Partners LLC Raises Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Adero Partners LLC raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,027 shares of the business services provider’s stock after buying an additional 173 shares during the quarter. Adero Partners LLC’s holdings in Verisk Analytics were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Marshall Financial Group LLC boosted its holdings in shares of Verisk Analytics by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC boosted its stake in Verisk Analytics by 1.5% in the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock worth $693,000 after purchasing an additional 38 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Verisk Analytics by 0.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 43 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Verisk Analytics by 2.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock worth $543,000 after purchasing an additional 43 shares in the last quarter. Finally, Ascent Group LLC boosted its stake in Verisk Analytics by 1.7% in the 3rd quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock worth $672,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 directly owns 54,163 shares in the company, valued at $15,517,157.87. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathy Card Beckles sold 2,111 shares of the company’s 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 completion of the transaction, the insider now owns 9,066 shares of the company’s stock, 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. In the last ninety days, insiders sold 5,490 shares of company stock valued at $1,541,570. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Trading Up 1.1 %

Verisk Analytics stock opened at $294.95 on Friday. The firm has a 50 day moving average of $281.33 and a 200 day moving average of $275.47. The firm has a market capitalization of $41.65 billion, a price-to-earnings ratio of 46.01, a P/E/G 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. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Robert W. Baird boosted their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a research report on Tuesday, January 7th. Finally, Barclays lowered Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 target price for the company. in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $293.11.

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.