CIBC Asset Management Inc Acquires 1,240 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

CIBC Asset Management Inc increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.8% in the 4th quarter, Holdings Channel reports. The fund owned 45,530 shares of the business services provider’s stock after buying an additional 1,240 shares during the quarter. CIBC Asset Management Inc’s holdings in Verisk Analytics were worth $12,540,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. FMR LLC increased its stake in shares of Verisk Analytics by 6.5% in the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after acquiring an additional 283,653 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Verisk Analytics by 6.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after acquiring an additional 78,376 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Verisk Analytics by 1.0% in 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 acquiring an additional 8,262 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Verisk Analytics by 0.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,650 shares of the business services provider’s stock worth $91,622,000 after acquiring an additional 1,308 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $293.30 on Wednesday. The company has a 50 day moving average price of $281.92 and a 200-day moving average price of $276.50. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.94. The firm has a market capitalization of $41.42 billion, a PE ratio of 45.76, a P/E/G ratio of 3.39 and a beta of 0.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VRSK shares. Royal Bank of Canada restated an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a research note on Tuesday, January 7th. BMO Capital Markets raised their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Morgan Stanley raised their price objective on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Barclays lowered shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a research note on Friday, January 10th. Six 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $293.11.

Insider Transactions at Verisk Analytics

In related 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 transaction, the insider now owns 9,066 shares of the company’s stock, 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 filing with the SEC, which can be accessed 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 transaction of $321,642.99. Following the completion of the transaction, the director now directly owns 13,786 shares in the company, valued at approximately $3,760,958.66. The trade was 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 three months. 0.40% of the stock is currently owned by company insiders.

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.