Allspring Global Investments Holdings LLC Sells 13,704 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Verisk Analytics by 67.3%, selling 13,704 shares and holding 6,648 shares worth approximately $2.08 million.
• CEO Lee Shavel sold 1,100 shares for $294,811, while Director Christopher John Perry increased his stake by acquiring 1,000 shares for $259,800.
• Analysts have downgraded their price targets for Verisk Analytics, with Evercore ISI lowering theirs from $292.00 to $262.00, indicating a cautious outlook for the stock.

Allspring Global Investments Holdings LLC trimmed its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 67.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,648 shares of the business services provider's stock after selling 13,704 shares during the period. Allspring Global Investments Holdings LLC's holdings in Verisk Analytics were worth $2,080,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VRSK. Trust Co. of Toledo NA OH bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $41,000. Wayfinding Financial LLC purchased a new stake in Verisk Analytics in the first quarter worth $48,000. Ameritas Advisory Services LLC purchased a new stake in Verisk Analytics in the second quarter worth $48,000. GW&K Investment Management LLC lifted its stake in 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 worth $51,000 after acquiring an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Verisk Analytics in the first quarter worth $52,000. 90.00% of the stock is currently owned by institutional investors.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,100 shares of the firm'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 transaction, the chief executive officer directly owned 78,907 shares of the company's stock, valued at approximately $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher John Perry acquired 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the transaction, the director owned 1,773 shares in the company, valued at approximately $460,625.40. This represents a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,520 shares of company stock valued at $2,255,396. Company insiders own 0.46% of the company's stock.

Verisk Analytics Trading Up 0.7%

Shares of NASDAQ:VRSK opened at $237.03 on Wednesday. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.09 and a beta of 0.85. 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's 50-day simple moving average is $255.14 and its two-hundred day simple moving average is $283.72. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $772.60 million for 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VRSK shares. Evercore ISI lowered their price objective on Verisk Analytics from $292.00 to $262.00 and set an "in-line" rating for the company in a research report on Tuesday, October 14th. Rothschild Redb lowered Verisk Analytics from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. Wells Fargo & Company lowered their price objective on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Rothschild & Co Redburn reissued a "sell" rating and set a $220.00 price objective (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Finally, UBS Group reduced their price target on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $299.33.

About Verisk Analytics

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.

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