Corebridge Financial Inc. Sells 3,261 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Corebridge Financial Inc. lowered its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,092 shares of the business services provider's stock after selling 3,261 shares during the quarter. Corebridge Financial Inc.'s holdings in Verisk Analytics were worth $12,695,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Napatree Capital LLC acquired a new position in shares of Verisk Analytics during the 4th quarter worth approximately $209,000. LPL Financial LLC grew its position in Verisk Analytics by 16.4% during the fourth quarter. LPL Financial LLC now owns 108,103 shares of the business services provider's stock worth $29,775,000 after buying an additional 15,233 shares in the last quarter. Guardian Partners Inc. bought a new position in Verisk Analytics during the 4th quarter worth $1,676,000. Fox Run Management L.L.C. acquired a new position in Verisk Analytics in the 4th quarter valued at $1,422,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Verisk Analytics during the 4th quarter valued at $19,465,000. Institutional investors own 90.00% of the company's stock.

Insider Transactions at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total transaction of $347,746.05. Following the completion of the sale, the director now directly owns 13,786 shares of the company's stock, valued at $4,066,180.70. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathy Card Beckles sold 2,111 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the completion of the sale, the insider now owns 9,066 shares of the company's stock, valued at approximately $2,557,155.96. The trade was a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,648 shares of company stock worth $1,613,047 over the last three months. 0.40% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several research firms recently weighed in on VRSK. Barclays cut 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 report on Friday, January 10th. Morgan Stanley upped their target price on Verisk Analytics from $283.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price target on Verisk Analytics from $280.00 to $297.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $300.00 price objective on shares of Verisk Analytics in a research note on Tuesday, January 7th. Finally, Robert W. Baird raised their price target on shares of Verisk Analytics from $298.00 to $320.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $299.33.

Verisk Analytics Trading Down 0.8 %

Shares of VRSK stock traded down $2.31 during trading hours on Friday, hitting $294.58. 728,975 shares of the company's stock traded hands, compared to its average volume of 758,235. The stock has a market cap of $41.32 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. The stock's 50 day simple moving average is $290.81 and its 200 day simple moving average is $281.39. 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, Inc. has a 12 month low of $217.34 and a 12 month high of $306.10.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.60 by $0.01. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm had revenue of $735.60 million for the quarter, compared to the consensus estimate of $733.55 million. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics declared that its board has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Verisk Analytics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.45 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Verisk Analytics's previous quarterly dividend of $0.39. Verisk Analytics's payout ratio is 26.87%.

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.