Sycomore Asset Management Buys 5,187 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Sycomore Asset Management raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 27.4% in the 4th quarter, HoldingsChannel reports. The firm owned 24,085 shares of the business services provider’s stock after acquiring an additional 5,187 shares during the quarter. Sycomore Asset Management’s holdings in Verisk Analytics were worth $6,382,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC increased its position in Verisk Analytics by 5.2% in the 4th quarter. Savant Capital LLC now owns 1,726 shares of the business services provider’s stock valued at $475,000 after buying an additional 86 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Verisk Analytics by 2.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,679 shares of the business services provider’s stock valued at $738,000 after acquiring an additional 60 shares in the last quarter. Entropy Technologies LP raised its position in shares of Verisk Analytics by 43.7% during the fourth quarter. Entropy Technologies LP now owns 3,304 shares of the business services provider’s stock worth $910,000 after purchasing an additional 1,004 shares during the period. Empowered Funds LLC lifted its holdings in shares of Verisk Analytics by 168.2% in the 4th quarter. Empowered Funds LLC now owns 6,057 shares of the business services provider’s stock worth $1,668,000 after purchasing an additional 3,799 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Verisk Analytics by 5.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 897 shares of the business services provider’s stock worth $247,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Analysts Set New Price Targets

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

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $293.73 on Monday. The firm has a market capitalization of $41.48 billion, a P/E ratio of 45.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The business’s fifty day simple moving average is $281.33 and its 200 day simple moving average is $275.69. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.58.

Verisk Analytics Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.34%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 9,066 shares of the company’s stock, valued at $2,557,155.96. This trade represents a 18.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the sale, the chief executive officer now owns 54,163 shares in the company, valued at approximately $15,517,157.87. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,490 shares of company stock worth $1,541,570. 0.40% of the stock is owned by company insiders.

About Verisk Analytics

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.