Aberdeen Group plc increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,584 shares of the business services provider's stock after buying an additional 6,739 shares during the quarter. Aberdeen Group plc owned 0.08% of Verisk Analytics worth $35,074,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Louisbourg Investments Inc. bought a new stake in shares of Verisk Analytics during the 1st quarter worth $25,000. Ameritas Advisory Services LLC acquired a new position in Verisk Analytics in the 2nd quarter worth about $48,000. Wayfinding Financial LLC acquired a new position in Verisk Analytics in the 1st quarter worth about $48,000. GW&K Investment Management LLC increased its holdings in Verisk Analytics by 186.7% in the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider's stock worth $51,000 after purchasing an additional 112 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Verisk Analytics in the 1st quarter worth about $52,000. 90.00% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Verisk Analytics news, Director Christopher John Perry bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the completion of the purchase, the director directly owned 1,773 shares of the company's stock, valued at approximately $460,625.40. This trade represents a 129.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lee Shavel sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $268.01, for a total value of $294,811.00. Following the sale, the chief executive officer directly owned 78,907 shares of the company's stock, valued at $21,147,865.07. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,520 shares of company stock worth $2,273,891. Corporate insiders own 0.46% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. UBS Group lowered their target price on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Morgan Stanley upped their target price on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wolfe Research assumed coverage on Verisk Analytics in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 target price for the company. Seaport Res Ptn raised Verisk Analytics to a "strong-buy" rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Verisk Analytics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given 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 stock currently has an average rating of "Moderate Buy" and an average target price of $311.00.
View Our Latest Report on VRSK
Verisk Analytics Trading Up 0.7%
Shares of VRSK stock opened at $243.06 on Monday. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 3.44 and a beta of 0.85. The stock has a 50-day moving average of $258.97 and a 200-day moving average of $286.52. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a 1-year low of $239.83 and a 1-year high of $322.92.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to analysts' expectations of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.
Verisk Analytics Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's dividend payout ratio is presently 27.73%.
Verisk Analytics Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Verisk Analytics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verisk Analytics wasn't on the list.
While Verisk Analytics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
