Rhumbline Advisers Has $78.73 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Rhumbline Advisers lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 285,836 shares of the business services provider’s stock after selling 7,206 shares during the period. Rhumbline Advisers owned 0.20% of Verisk Analytics worth $78,728,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Verisk Analytics in the 4th quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in Verisk Analytics during the third quarter worth $34,000. Carolina Wealth Advisors LLC bought a new position in Verisk Analytics during the third quarter worth $50,000. Crews Bank & Trust bought a new position in Verisk Analytics during the fourth quarter worth $55,000. Finally, Catalyst Capital Advisors LLC boosted its stake in Verisk Analytics by 101.5% during the third quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock worth $74,000 after acquiring an additional 139 shares in the last quarter. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $293.48 on Monday. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.94. The company has a 50-day simple moving average of $281.75 and a 200 day simple moving average of $276.17. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $41.44 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 3.39 and a beta of 0.89.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend 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 is presently 24.34%.

Insiders Place Their Bets

In other news, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the transaction, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. This trade represents a 18.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $321,642.99. Following the completion of the transaction, the director now owns 13,786 shares of the company’s stock, valued at $3,760,958.66. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,469 shares of company stock worth $1,264,818 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VRSK shares. BMO Capital Markets increased 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. Robert W. Baird increased their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Morgan Stanley increased their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a report on Tuesday, January 7th. Finally, Barclays downgraded shares of 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. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $293.11.

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.