Centricity Wealth Management LLC Invests $28,000 in Verisk Analytics, Inc. (NASDAQ:VRSK)

Centricity Wealth Management LLC acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 101 shares of the business services provider’s stock, valued at approximately $28,000.

Several other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI raised its holdings in shares of 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 worth $543,000 after acquiring an additional 43 shares in the last quarter. Ascent Group LLC raised its holdings in Verisk Analytics by 1.7% during the 3rd quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock valued at $672,000 after buying an additional 43 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Verisk Analytics by 5.0% during the 4th 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 period. Rehmann Capital Advisory Group raised its holdings in Verisk Analytics by 4.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 974 shares of the business services provider’s stock valued at $264,000 after buying an additional 45 shares during the period. Finally, Outlook Wealth Advisors LLC raised its holdings in Verisk Analytics by 3.3% during 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 period. 90.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $294.95, for a total transaction of $347,746.05. Following the transaction, the director now owns 13,786 shares of the company’s stock, valued at approximately $4,066,180.70. This represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Card Beckles sold 2,111 shares of the 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 transaction, the insider now directly owns 9,066 shares in the company, 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. In the last 90 days, insiders have sold 4,469 shares of company stock valued at $1,264,818. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Stock Performance

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

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.39 per share. 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 payout ratio is 24.34%.

Analyst Ratings Changes

VRSK has been the topic of several recent research reports. Morgan Stanley increased their price target on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on Verisk Analytics from $313.00 to $325.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets increased their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Barclays lowered Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target on the stock. in a report on Friday, January 10th. Finally, Robert W. Baird increased their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and an average price target of $295.33.

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.