Bank of America Corp DE Takes Position in Verisk Analytics, Inc. $VRSK

Bank of America Corp DE purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 822,774 shares of the business services provider's stock, valued at approximately $147,713,000. Bank of America Corp DE owned approximately 0.63% of Verisk Analytics at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Reflection Asset Management bought a new stake in Verisk Analytics during the 4th quarter valued at about $30,000. Elyxium Wealth LLC bought a new position in shares of Verisk Analytics in the fourth quarter worth approximately $31,000. MCF Advisors LLC grew its holdings in shares of Verisk Analytics by 141.7% during the fourth quarter. MCF Advisors LLC now owns 145 shares of the business services provider's stock valued at $32,000 after buying an additional 85 shares during the last quarter. Titan Wealth CI Ltd purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $32,000. Finally, Ancora Advisors LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $33,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Stock Down 2.9%

Shares of Verisk Analytics stock opened at $176.48 on Friday. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.66. The company's 50 day moving average is $189.51 and its 200 day moving average is $185.28. Verisk Analytics, Inc. has a twelve month low of $155.94 and a twelve month high of $253.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 10.42.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.05. The business had revenue of $806.30 million during the quarter, compared to the consensus estimate of $804.02 million. Verisk Analytics had a net margin of 28.24% and a negative return on equity of 239.55%. The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 EPS. Verisk Analytics has set its FY 2026 guidance at 7.450-7.750 EPS. Research analysts anticipate that Verisk Analytics, Inc. will post 7.71 EPS for the current year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Verisk Analytics's payout ratio is presently 30.72%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VRSK. UBS Group boosted their price objective on shares of Verisk Analytics from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on Verisk Analytics from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Barclays reduced their target price on Verisk Analytics from $275.00 to $225.00 and set an "overweight" rating for the company in a report on Tuesday, September 8th. Evercore set a $223.00 price target on Verisk Analytics in a research note on Thursday, July 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Verisk Analytics in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Verisk Analytics has a consensus rating of "Moderate Buy" and an average target price of $226.71.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 400 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $184.91, for a total transaction of $73,964.00. Following the completion of the sale, the chief financial officer directly owned 17,984 shares in the company, valued at $3,325,421.44. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lee Shavel sold 3,535 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $193.43, for a total transaction of $683,775.05. Following the sale, the chief executive officer directly owned 98,490 shares of the company's stock, valued at $19,050,920.70. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,390 shares of company stock valued at $2,470,792 over the last 90 days. Company insiders own 0.52% of the company's stock.

About Verisk Analytics

Verisk Analytics, Inc NASDAQ: VRSK, commonly known as Verisk, is a data analytics and technology company that helps organizations manage risk and make informed decisions. The company primarily serves the insurance industry, providing data, predictive analytics, software and decision-support tools for property and casualty insurers, life insurers and other risk-focused businesses.

Verisk's products and services support insurance underwriting, pricing, claims management, catastrophe modeling, fraud detection, actuarial analysis and regulatory compliance.

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