Kestra Investment Management LLC Makes New $32,000 Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

Kestra Investment Management LLC acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 117 shares of the business services provider’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRSK. Citizens Financial Group Inc. RI boosted its stake in Verisk Analytics by 2.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 43 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Verisk Analytics by 1.7% in the third quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 43 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Verisk Analytics by 5.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 897 shares of the business services provider’s stock valued at $247,000 after buying an additional 43 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Verisk Analytics by 4.8% during the third quarter. Rehmann Capital Advisory Group now owns 974 shares of the business services provider’s stock worth $264,000 after buying an additional 45 shares in the last quarter. Finally, Outlook Wealth Advisors LLC raised its position in Verisk Analytics by 3.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,422 shares of the business services provider’s stock valued at $381,000 after buying an additional 46 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VRSK has been the topic of a number of analyst reports. 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 report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Verisk Analytics from $283.00 to $300.00 and gave the stock 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 price objective for the company. in a research note on Friday, January 10th. Robert W. Baird lifted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $295.33.

Insiders Place Their Bets

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the company’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 sale, the director now directly owns 13,786 shares of the company’s stock, valued at $4,066,180.70. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathy Card Beckles sold 2,111 shares of Verisk Analytics stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock valued at $1,264,818 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Verisk Analytics Stock Up 0.8 %

VRSK opened at $295.11 on Friday. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $296.94. The company’s 50-day moving average price is $282.65 and its two-hundred day moving average price is $277.27. 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 quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.39 per share. 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 (DPR) 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.