61,530 Shares in Verisk Analytics, Inc. $VRSK Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 61,530 shares of the business services provider's stock, valued at approximately $11,046,000.

Several other institutional investors and hedge funds have also modified their holdings of VRSK. XXEC Inc. acquired a new stake in Verisk Analytics during the second quarter valued at $992,675,000. BlackRock Inc. acquired a new stake in shares of Verisk Analytics during the 2nd quarter valued at about $1,852,678,000. Capital International Investors lifted its holdings in shares of Verisk Analytics by 1,200.9% during the 4th quarter. Capital International Investors now owns 3,264,323 shares of the business services provider's stock valued at $730,196,000 after buying an additional 3,013,400 shares during the last quarter. Norges Bank bought a new stake in shares of Verisk Analytics in the 4th quarter valued at approximately $346,457,000. Finally, Deutsche Bank AG bought a new stake in shares of Verisk Analytics in the 2nd quarter valued at approximately $138,842,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VRSK shares. Weiss Ratings lowered shares of Verisk Analytics from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Rothschild & Co Redburn set a $185.00 target price on shares of Verisk Analytics and gave the stock a "neutral" rating in a research report on Thursday, June 18th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Verisk Analytics in a research note on Thursday, July 30th. Morgan Stanley set a $235.00 price objective on shares of Verisk Analytics in a report on Thursday, April 30th. Finally, Wells Fargo & Company increased their target price on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $236.27.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $189.55 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 10.42. The business's 50 day moving average is $188.17 and its two-hundred day moving average is $185.24. The company has a market cap of $24.67 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.10 and a beta of 0.67. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $273.83.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.05. Verisk Analytics had a negative return on equity of 239.55% and a net margin of 28.24%.The company had revenue of $806.30 million during the quarter, compared to analysts' expectations of $804.02 million. During the same period in the prior year, the business earned $1.88 earnings per share. Verisk Analytics's revenue for the quarter was up 4.3% compared to the same quarter last year. Verisk Analytics has set its FY 2026 guidance at 7.450-7.750 EPS. On average, equities analysts expect that Verisk Analytics, Inc. will post 7.71 EPS for the current year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th. Verisk Analytics's dividend payout ratio (DPR) is currently 30.72%.

Insider Activity at Verisk Analytics

In related news, insider Kathy Card Beckles sold 2,020 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $195.49, for a total value of $394,889.80. Following the completion of the sale, the insider owned 11,516 shares in the company, valued at approximately $2,251,262.84. This trade represents a 14.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Edward Hansen sold 2,336 shares of Verisk Analytics stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $174.99, for a total value of $408,776.64. Following the sale, the director directly owned 15,868 shares in the company, valued at approximately $2,776,741.32. This trade represents a 12.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,227 shares of company stock worth $4,174,599. Insiders own 0.52% of the company's stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc NASDAQ: VRSK is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.

Verisk's product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source