Impax Asset Management Group plc Cuts Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Impax Asset Management Group plc decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,556 shares of the business services provider’s stock after selling 44 shares during the period. Impax Asset Management Group plc’s holdings in Verisk Analytics were worth $979,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in shares of Verisk Analytics during the fourth quarter valued at $209,000. Union Bancaire Privee UBP SA acquired a new stake in Verisk Analytics in the 4th quarter worth about $973,000. Howard Capital Management Inc. boosted its stake in Verisk Analytics by 2.7% in the 4th quarter. Howard Capital Management Inc. now owns 4,262 shares of the business services provider’s stock worth $1,174,000 after buying an additional 111 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Verisk Analytics by 6.9% in the 4th quarter. First Horizon Advisors Inc. now owns 910 shares of the business services provider’s stock worth $251,000 after buying an additional 59 shares during the last quarter. Finally, Redmond Asset Management LLC boosted its stake in Verisk Analytics by 1.4% in the 4th quarter. Redmond Asset Management LLC now owns 9,215 shares of the business services provider’s stock worth $2,538,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

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 that occurred on 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 owns 9,066 shares in the company, valued at $2,557,155.96. This trade represents a 18.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total value of $321,642.99. Following the sale, the director now owns 13,786 shares of the company’s stock, valued at approximately $3,760,958.66. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,469 shares of company stock worth $1,264,818. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Stock Performance

Shares of NASDAQ:VRSK opened at $299.72 on Wednesday. The company has a market cap of $42.32 billion, a P/E ratio of 46.76, a PEG ratio of 3.37 and a beta of 0.89. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $300.50. The business’s 50-day simple moving average is $283.36 and its 200 day simple moving average is $277.87.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.52%. Verisk Analytics’s payout ratio is currently 24.34%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VRSK shares. BMO Capital Markets raised 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. Robert W. Baird raised their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 price target on shares of Verisk Analytics in a research note on Tuesday, January 7th. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a report on Friday, January 10th. Finally, Morgan Stanley raised their price objective 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $295.33.

Verisk Analytics Company 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.