Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Mirae Asset Global Investments Co. Ltd. grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 133.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 83,762 shares of the business services provider’s stock after acquiring an additional 47,833 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Verisk Analytics worth $23,154,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Marshall Financial Group LLC grew its position in shares of Verisk Analytics by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC grew its holdings in Verisk Analytics by 1.5% during the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock worth $693,000 after acquiring an additional 38 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Verisk Analytics by 0.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock valued at $1,369,000 after purchasing an additional 43 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Verisk Analytics by 2.2% in 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 purchasing an additional 43 shares in the last quarter. Finally, Ascent Group LLC raised its holdings in shares of Verisk Analytics by 1.7% in the 3rd quarter. Ascent Group LLC now owns 2,508 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 43 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the transaction, the chief financial officer now directly owns 15,608 shares of the company’s stock, valued at $4,471,535.92. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lee Shavel sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $286,490.00. Following the sale, the chief executive officer now directly owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,490 shares of company stock worth $1,541,570. Insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Up 0.8 %

VRSK opened at $291.64 on Thursday. The firm has a market cap of $41.18 billion, a P/E ratio of 45.50, a PEG ratio of 3.30 and a beta of 0.89. The business’s fifty day simple moving average is $281.39 and its 200 day simple moving average is $275.36. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 0.53%. Verisk Analytics’s payout ratio is currently 24.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Verisk Analytics in a research report on Tuesday, January 7th. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a report on Friday, January 10th. BMO Capital Markets raised their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their price target 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. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $293.11.

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.