Harbour Investments Inc. Acquires 418 Shares of Verisk Analytics, Inc. $VRSK

Harbour Investments Inc. boosted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 836.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 468 shares of the business services provider’s stock after acquiring an additional 418 shares during the quarter. Harbour Investments Inc.’s holdings in Verisk Analytics were worth $146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC increased its stake in Verisk Analytics by 24.1% in the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock valued at $90,076,000 after acquiring an additional 58,954 shares during the period. Insight Wealth Strategies LLC bought a new stake in Verisk Analytics in the second quarter valued at about $3,860,000. Dakota Wealth Management increased its stake in Verisk Analytics by 24.0% in the second quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock valued at $6,774,000 after acquiring an additional 4,206 shares during the period. Swedbank AB increased its stake in Verisk Analytics by 1.8% in the first quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock valued at $32,379,000 after acquiring an additional 1,903 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Verisk Analytics in the first quarter valued at about $202,000. Institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the acquisition, the director directly owned 1,773 shares of the company’s stock, valued at approximately $460,625.40. This represents a 129.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 54,337 shares in the company, valued at $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,520 shares of company stock valued at $2,255,396 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRSK. Rothschild & Co Redburn restated a “sell” rating and issued a $220.00 price target (down from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Wolfe Research began coverage on shares of Verisk Analytics in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target on the stock. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a research report on Wednesday, October 1st. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $299.33.

Verisk Analytics Price Performance

Shares of VRSK stock opened at $237.47 on Thursday. Verisk Analytics, Inc. has a 1 year low of $228.09 and a 1 year high of $322.92. The firm’s 50 day moving average is $254.60 and its 200-day moving average is $283.40. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 3.12 and a beta of 0.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34.

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

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.