Progressive Investment Management Corp Sells 378 Shares of Verisk Analytics, Inc. $VRSK

Progressive Investment Management Corp cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,440 shares of the business services provider’s stock after selling 378 shares during the period. Verisk Analytics comprises approximately 3.0% of Progressive Investment Management Corp’s holdings, making the stock its 11th largest holding. Progressive Investment Management Corp’s holdings in Verisk Analytics were worth $11,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSK. Nuveen LLC bought a new stake in Verisk Analytics during the 1st quarter worth about $508,611,000. Ameriprise Financial Inc. lifted its position in Verisk Analytics by 631.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock worth $422,676,000 after buying an additional 1,221,798 shares in the last quarter. Invesco Ltd. lifted its position in Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after buying 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 shares of Verisk Analytics by 35.6% in the 1st 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 valued at $492,182,000 after purchasing an additional 434,053 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Verisk Analytics by 52.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock valued at $339,586,000 after purchasing an additional 393,668 shares during the period. 90.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry bought 1,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were purchased at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the transaction, the director directly owned 1,773 shares in the company, valued at approximately $460,625.40. This trade represents a 129.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was a 9.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,520 shares of company stock worth $2,255,396. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VRSK shares. Rothschild & Co Redburn reaffirmed a “sell” rating and issued a $220.00 target price (down from $280.00) on shares of Verisk Analytics in a report on Thursday. Wolfe Research started coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 target price on the stock. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. UBS Group dropped their target price on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Rothschild Redb cut shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $299.33.

Verisk Analytics Stock Up 1.4%

Verisk Analytics stock opened at $232.34 on Friday. The stock has a market cap of $32.46 billion, a P/E ratio of 35.80, a P/E/G ratio of 3.01 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a twelve month low of $228.09 and a twelve month high of $322.92. The company’s 50-day moving average price is $256.24 and its two-hundred day moving average price is $284.64.

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

Verisk Analytics Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 15th. Verisk Analytics’s dividend payout ratio is presently 27.73%.

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.