Corient Private Wealth LLC Has $34.18 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Corient Private Wealth LLC decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,077 shares of the business services provider’s stock after selling 1,091 shares during the period. Corient Private Wealth LLC owned 0.09% of Verisk Analytics worth $34,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi lifted its position in shares of Verisk Analytics by 52.4% during the 4th quarter. Amundi now owns 1,252,532 shares of the business services provider’s stock valued at $351,226,000 after acquiring an additional 430,719 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Verisk Analytics during the fourth quarter valued at about $110,094,000. Proficio Capital Partners LLC boosted its position in shares of Verisk Analytics by 31,634.6% during the 4th quarter. Proficio Capital Partners LLC now owns 394,461 shares of the business services provider’s stock worth $108,646,000 after purchasing an additional 393,218 shares in the last quarter. FMR LLC boosted its position in shares of Verisk Analytics by 6.5% during the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after purchasing an additional 283,653 shares in the last quarter. Finally, Empower Advisory Group LLC grew its stake in shares of Verisk Analytics by 29,469.0% in the 4th quarter. Empower Advisory Group LLC now owns 233,004 shares of the business services provider’s stock valued at $64,176,000 after buying an additional 232,216 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRSK. Robert W. Baird increased their price target on Verisk Analytics from $298.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley increased their target price on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $280.00 to $297.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price objective on shares of Verisk Analytics from $325.00 to $321.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays downgraded shares of 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $299.33.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $291.01 on Tuesday. 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 $288.31 and a 200-day moving average of $280.40. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $306.10. The company has a market cap of $40.82 billion, a P/E ratio of 45.40, a P/E/G ratio of 3.37 and a beta of 0.89.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.60 by $0.01. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $735.60 million during the quarter, compared to analyst estimates of $733.55 million. Equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.45 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.80 annualized dividend and a yield of 0.62%. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.39. Verisk Analytics’s payout ratio is currently 26.87%.

Verisk Analytics announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Verisk Analytics

In related news, Director Bruce Edward Hansen sold 1,179 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total transaction of $321,642.99. Following the completion of the sale, the director now owns 13,786 shares in the company, valued at approximately $3,760,958.66. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. This represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,648 shares of company stock worth $1,613,047 in the last quarter. 0.40% of the stock is currently owned by company 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.