Redmond Asset Management LLC Purchases 127 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Redmond Asset Management LLC raised its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,215 shares of the business services provider’s stock after purchasing an additional 127 shares during the quarter. Redmond Asset Management LLC’s holdings in Verisk Analytics were worth $2,538,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Manchester Capital Management LLC boosted its stake in Verisk Analytics by 468.8% in the 4th 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 stake in Verisk Analytics in the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new position in shares of Verisk Analytics during the 4th quarter valued at about $29,000. Centricity Wealth Management LLC bought a new stake in shares of Verisk Analytics in the fourth quarter worth about $28,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Verisk Analytics in the fourth quarter worth about $32,000. 90.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total value of $347,746.05. Following the completion of the sale, the director now directly owns 13,786 shares in the company, valued at $4,066,180.70. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathy Card Beckles sold 2,111 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $282.06, for a total transaction of $595,428.66. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,469 shares of company stock worth $1,264,818. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VRSK shares. Wells Fargo & Company upped their price objective on Verisk Analytics from $313.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Barclays cut 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 research report on Friday, January 10th. Morgan Stanley boosted their price objective 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. Finally, Robert W. Baird raised their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $295.33.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $295.11 on Friday. The stock has a market cap of $41.67 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 3.37 and a beta of 0.89. The company has a 50 day simple moving average of $282.65 and a two-hundred day simple moving average of $277.16. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.94. 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 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 paid 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 of this dividend was Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

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.