Turtle Creek Wealth Advisors LLC Makes New $320,000 Investment in Verisk Analytics, Inc. $VRSK

Turtle Creek Wealth Advisors LLC acquired a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,028 shares of the business services provider’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in Verisk Analytics in the second quarter worth $41,000. Ameritas Advisory Services LLC bought a new stake in shares of Verisk Analytics in the second quarter valued at $48,000. Wayfinding Financial LLC bought a new stake in shares of Verisk Analytics in the first quarter valued at $48,000. GW&K Investment Management LLC raised its stake in shares of Verisk Analytics by 186.7% in the first quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider’s stock valued at $51,000 after buying an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Verisk Analytics in the first quarter valued at $52,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group lowered their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company lowered their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $299.33.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $229.06 on Friday. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92. The firm has a market cap of $32.00 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 3.45 and a beta of 0.85. The business’s fifty day moving average is $256.89 and its 200 day moving average is $285.10.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.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 previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter 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. Research analysts predict 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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 15th. Verisk Analytics’s dividend payout ratio is currently 27.73%.

Insiders Place Their Bets

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 acquired at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the purchase, the director directly owned 1,773 shares of the company’s stock, valued at $460,625.40. The trade was a 129.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the transaction, the chief executive officer owned 78,907 shares in the company, valued at $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,520 shares of company stock valued at $2,255,396 over the last 90 days. 0.46% of the stock is owned by insiders.

Verisk Analytics Company 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.