Mitsubishi UFJ Asset Management Co. Ltd. Acquires 18,760 Shares of Verisk Analytics, Inc. $VRSK

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.3% 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 277,445 shares of the business services provider’s stock after buying an additional 18,760 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Verisk Analytics were worth $86,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Spurstone Advisory Services LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter valued at about $29,000. NewSquare Capital LLC lifted its holdings in Verisk Analytics by 69.0% in the 2nd quarter. NewSquare Capital LLC now owns 98 shares of the business services provider’s stock worth $31,000 after purchasing an additional 40 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Verisk Analytics by 62.7% during the second quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock worth $34,000 after purchasing an additional 42 shares during the period. SouthState Corp boosted its position in Verisk Analytics by 88.1% during the second quarter. SouthState Corp now owns 111 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in Verisk Analytics during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In other news, Director Gregory Hendrick acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $216.14 per share, with a total value of $108,070.00. Following the completion of the purchase, the director directly owned 2,536 shares of the company’s stock, valued at $548,131.04. The trade was a 24.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee Shavel sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares of the company’s stock, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,450 shares of company stock worth $574,463 and sold 8,520 shares worth $2,255,396. 0.46% of the stock is owned by corporate insiders.

Verisk Analytics Trading Up 0.8%

Shares of NASDAQ:VRSK opened at $214.66 on Monday. The business’s 50 day simple moving average is $243.27 and its 200 day simple moving average is $277.64. Verisk Analytics, Inc. has a 1 year low of $196.99 and a 1 year high of $322.92. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.53. The company has a market capitalization of $29.92 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.75 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $768.30 million during the quarter, compared to the consensus estimate of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 15th. Verisk Analytics’s dividend payout ratio is presently 27.44%.

Analyst Ratings Changes

A number of analysts have recently weighed in on VRSK shares. The Goldman Sachs Group reduced their price objective on shares of Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Morgan Stanley lifted their target price on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings cut Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wolfe Research started coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Verisk Analytics has an average rating of “Hold” and a consensus target price of $282.14.

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.