Verisk Analytics, Inc. (NASDAQ:VRSK – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.50 per share by the business services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 15th.
Verisk Analytics has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Verisk Analytics has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Verisk Analytics to earn $8.70 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.0%.
Verisk Analytics Stock Up 0.4%
Shares of VRSK stock traded up $0.89 on Wednesday, hitting $213.15. The stock had a trading volume of 3,401,653 shares, compared to its average volume of 2,162,192. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average is $183.95 and its 200-day moving average is $189.25. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 2.31 and a beta of 0.69. Verisk Analytics has a 52-week low of $155.94 and a 52-week high of $300.93.
Insider Activity at Verisk Analytics
In related news, Director Bruce Edward Hansen sold 2,336 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the transaction, the director owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 400 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $159.22, for a total value of $63,688.00. Following the sale, the chief financial officer owned 19,584 shares in the company, valued at $3,118,164.48. The trade was a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,507 shares of company stock worth $2,925,710 in the last ninety days. Company insiders own 0.52% of the company’s stock.
Institutional Trading of Verisk Analytics
Several hedge funds have recently added to or reduced their stakes in VRSK. Mcguire Capital Advisors Inc. bought a new position in Verisk Analytics in the 4th quarter valued at about $27,000. Osterweis Capital Management Inc. bought a new position in Verisk Analytics in the 2nd quarter valued at $28,000. Reflection Asset Management bought a new position in Verisk Analytics during the fourth quarter valued at about $30,000. Elyxium Wealth LLC purchased a new stake in shares of Verisk Analytics during the 4th quarter worth approximately $31,000. Finally, MCF Advisors LLC increased its stake in shares of Verisk Analytics by 141.7% during the 4th quarter. MCF Advisors LLC now owns 145 shares of the business services provider’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Company Profile
Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision?support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.
Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry?specific applications.
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