State of New Jersey Common Pension Fund D Has $14.05 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,025 shares of the business services provider’s stock after selling 100 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Verisk Analytics were worth $14,054,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VRSK. Signaturefd LLC increased its stake in Verisk Analytics by 1.5% in the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after buying an additional 38 shares during the period. Citizens Financial Group Inc. RI grew 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 valued at $543,000 after acquiring an additional 43 shares in the last quarter. Ascent Group LLC increased its stake in shares of Verisk Analytics by 1.7% in the third quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock worth $672,000 after acquiring an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Verisk Analytics by 5.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 897 shares of the business services provider’s stock worth $247,000 after acquiring an additional 43 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in Verisk Analytics by 4.8% during the third quarter. Rehmann Capital Advisory Group now owns 974 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.7 %

Verisk Analytics stock opened at $293.48 on Tuesday. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.94. 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 firm has a market capitalization of $41.44 billion, a PE ratio of 45.78, a PEG ratio of 3.39 and a beta of 0.89. The business’s 50-day simple moving average is $281.75 and its 200-day simple moving average is $276.27.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.39 per share. The ex-dividend date 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 (DPR) is presently 24.34%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of the company’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 value of $595,428.66. Following the completion of the transaction, the insider now owns 9,066 shares of the company’s stock, valued at $2,557,155.96. This represents a 18.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 completion of the sale, the director now owns 13,786 shares of the company’s stock, 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 a total of 4,469 shares of company stock worth $1,264,818 over the last three months. 0.40% of the stock is currently owned by 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.