Klingman & Associates LLC Invests $273,000 in Verisk Analytics, Inc. $VRSK

Klingman & Associates LLC bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 876 shares of the business services provider’s stock, valued at approximately $273,000.

A number of other large investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. lifted its position in shares of Verisk Analytics by 1.1% during the first quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider’s stock worth $945,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Verisk Analytics by 0.4% during the second quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider’s stock worth $2,809,000 after purchasing an additional 35 shares in the last quarter. NBT Bank N A NY lifted its position in shares of Verisk Analytics by 11.4% during the second quarter. NBT Bank N A NY now owns 341 shares of the business services provider’s stock worth $106,000 after purchasing an additional 35 shares in the last quarter. Tranquility Partners LLC lifted its position in shares of Verisk Analytics by 1.1% during the second quarter. Tranquility Partners LLC now owns 3,231 shares of the business services provider’s stock worth $1,006,000 after purchasing an additional 35 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Verisk Analytics by 10.2% during the first quarter. Private Trust Co. NA now owns 389 shares of the business services provider’s stock worth $116,000 after purchasing an additional 36 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the completion of the sale, the insider owned 54,337 shares of the company’s stock, valued at approximately $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the completion of the sale, the chief financial officer directly owned 14,865 shares of the company’s stock, valued at $3,600,748.95. The trade was a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,520 shares of company stock worth $2,255,396 over the last three months. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Up 0.7%

Shares of NASDAQ:VRSK opened at $237.03 on Wednesday. Verisk Analytics, Inc. has a 52 week low of $228.09 and a 52 week 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 company has a market capitalization of $33.12 billion, a PE ratio of 36.52, a PEG ratio of 3.09 and a beta of 0.85. The company has a 50 day moving average price of $255.14 and a two-hundred day moving average price of $283.72.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $767.91 million. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The business’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. Analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a report on Wednesday, October 8th. Rothschild Redb lowered shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Evercore ISI cut their price objective on shares of Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $299.33.

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.