Verisk Analytics, Inc. $VRSK Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 436.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,246 shares of the business services provider’s stock after purchasing an additional 45,768 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Verisk Analytics were worth $17,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRSK. Nuveen LLC acquired a new position in shares of Verisk Analytics during the first quarter worth $508,611,000. Ameriprise Financial Inc. lifted its position in Verisk Analytics by 631.0% in the first quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock valued at $422,676,000 after acquiring an additional 1,221,798 shares during the last quarter. Invesco Ltd. lifted its position in Verisk Analytics by 36.0% in the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after acquiring an additional 596,225 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Verisk Analytics by 35.6% in the first 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 acquiring an additional 434,053 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Verisk Analytics by 52.7% in the first quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock valued at $339,586,000 after acquiring an additional 393,668 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity

In related news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the transaction, the chief financial officer directly owned 15,165 shares of the company’s stock, valued at $3,862,828.80. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction dated 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 directly owned 54,337 shares of the company’s stock, 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. Over the last ninety days, insiders sold 8,520 shares of company stock valued at $2,273,891. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $243.06 on Monday. The company has a 50-day simple moving average of $258.97 and a 200-day simple moving average of $286.52. Verisk Analytics, Inc. has a one year low of $239.83 and a one year 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 stock has a market capitalization of $33.96 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 3.44 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $772.60 million during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. Verisk Analytics’s dividend payout ratio is currently 27.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Wednesday, October 1st. UBS Group reduced their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Verisk Analytics in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $311.00.

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.