Verisk Analytics, Inc. $VRSK Position Reduced by US Bancorp DE

US Bancorp DE decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,314 shares of the business services provider’s stock after selling 928 shares during the period. US Bancorp DE’s holdings in Verisk Analytics were worth $13,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSK. Nuveen LLC bought a new stake in Verisk Analytics during the first quarter worth approximately $508,611,000. Ameriprise Financial Inc. raised its holdings in Verisk Analytics by 631.0% during the first quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock worth $422,676,000 after purchasing an additional 1,221,798 shares in the last quarter. Invesco Ltd. raised its holdings in Verisk Analytics by 36.0% during the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after purchasing an additional 596,225 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Verisk Analytics by 35.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock worth $492,182,000 after purchasing an additional 434,053 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Verisk Analytics by 52.7% during the first quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock worth $339,586,000 after purchasing an additional 393,668 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VRSK. Wells Fargo & Company dropped their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. UBS Group dropped their price target on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Verisk Analytics in a report on Wednesday. Morgan Stanley upped their price target on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $311.00.

Insider Activity

In other news, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider directly owned 54,337 shares in the company, valued at $14,399,305. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth Mann sold 300 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the transaction, the chief financial officer directly owned 15,165 shares in the company, valued at $3,862,828.80. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,520 shares of company stock valued at $2,273,891. 0.46% of the stock is currently owned by company insiders.

Verisk Analytics Trading Up 0.7%

NASDAQ VRSK opened at $243.06 on Friday. Verisk Analytics, Inc. has a twelve month low of $239.83 and a twelve month high of $322.92. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 3.44 and a beta of 0.85. The firm’s 50 day moving average price is $258.97 and its two-hundred day moving average price is $286.59.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm had revenue of $772.60 million for the quarter, compared to analysts’ expectations of $767.91 million. During the same period in the previous year, the company posted $1.74 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Equities analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 15th. Verisk Analytics’s payout ratio is presently 27.73%.

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.