Amplius Wealth Advisors LLC Decreases Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Amplius Wealth Advisors LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,406 shares of the business services provider’s stock after selling 81 shares during the period. Amplius Wealth Advisors LLC’s holdings in Verisk Analytics were worth $2,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VRSK. FMR LLC grew its position in shares of Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after purchasing an additional 283,653 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Verisk Analytics by 2,380.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock valued at $73,144,000 after buying an additional 261,961 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Verisk Analytics by 46.7% in the 3rd quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock worth $164,750,000 after acquiring an additional 195,700 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of Verisk Analytics by 158.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 184,806 shares of the business services provider’s stock valued at $49,521,000 after acquiring an additional 113,230 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Verisk Analytics by 7.4% in the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after purchasing an additional 111,364 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore ISI reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Robert W. Baird upped their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a research report on Friday, January 10th. Morgan Stanley lifted their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $293.11.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the transaction, the chief financial officer now owns 15,608 shares of the company’s stock, valued at approximately $4,471,535.92. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the sale, the director now directly owns 13,786 shares of the company’s stock, valued at $3,760,958.66. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,379 shares of company stock valued at $946,141. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Price Performance

VRSK stock opened at $278.55 on Tuesday. The business’s 50-day moving average is $282.19 and its two-hundred day moving average is $274.80. 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 market capitalization of $39.33 billion, a P/E ratio of 43.46, a P/E/G ratio of 3.19 and a beta of 0.88. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

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.