Kornitzer Capital Management Inc. KS Lowers Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Kornitzer Capital Management Inc. KS lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,462 shares of the business services provider’s stock after selling 575 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.06% of Verisk Analytics worth $22,437,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Verisk Analytics by 6.5% during the third 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. Franklin Resources Inc. increased its stake in Verisk Analytics by 6.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after buying an additional 78,376 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Verisk Analytics by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after buying an additional 8,262 shares in the last quarter. Two Sigma Advisers LP boosted its position in 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 valued at $164,750,000 after buying an additional 195,700 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Verisk Analytics by 1.9% in the third quarter. Raymond James & Associates now owns 385,195 shares of the business services provider’s stock worth $103,217,000 after acquiring an additional 7,098 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Buying and Selling at Verisk Analytics

In other news, insider Kathy Card Beckles sold 2,111 shares of the business’s stock in a transaction dated 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 approximately $2,557,155.96. The trade was a 18.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the transaction, the director now owns 13,786 shares in the company, valued at $3,760,958.66. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock worth $1,264,818 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VRSK shares. Morgan Stanley increased their price objective on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price objective on shares of Verisk Analytics in a research note on Tuesday, January 7th. BMO Capital Markets upped their target price 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 downgraded 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 note on Friday, January 10th. Finally, Robert W. Baird increased their price objective 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. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $293.11.

Verisk Analytics Stock Down 0.7 %

VRSK stock opened at $293.48 on Tuesday. The stock has a market cap of $41.44 billion, a P/E ratio of 45.78, a PEG 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. 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 is $281.75 and its two-hundred day moving average is $276.27.

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 given a $0.39 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.53%. Verisk Analytics’s dividend payout ratio (DPR) is presently 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.