The latest update was pushed out within the last few days. Installation was without issue and I've encountered no issues since. The update bumps the Android patch level to July 1, 2017.
Glad to see with the release of Nougat that Verizon appears to have committed to releasing monthly updates to protect end-users from security vulnerabilities. I hope they continue to do so rather than making users wait for months and months.
Update information: Samsung Galaxy S7 Software Update | Verizon Wireless