CHICAGO TRUST Co NA Invests $683,000 in Verisk Analytics, Inc. $VRSK

Key Points

• CHICAGO TRUST Co NA has invested approximately $683,000 in Verisk Analytics by purchasing 2,192 shares during the second quarter.
• Institutional investors now own around 90% of Verisk Analytics' stock following several significant adjustments in holdings by hedge funds.
• Verisk Analytics recently announced a quarterly dividend of $0.45 per share, reflecting an annualized yield of 0.7%.

CHICAGO TRUST Co NA purchased a new position in shares of 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 (SEC). The fund purchased 2,192 shares of the business services provider's stock, valued at approximately $683,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Verisk Analytics by 1.5% during the first quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after purchasing an additional 239,483 shares during the period. Alliancebernstein L.P. lifted its holdings in Verisk Analytics by 0.5% in the first quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider's stock valued at $1,558,067,000 after buying an additional 25,010 shares during the period. Invesco Ltd. lifted its holdings 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 buying an additional 596,225 shares during the period. Nuveen LLC acquired a new position in Verisk Analytics in the first quarter valued at $508,611,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Verisk Analytics by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider's stock valued at $507,219,000 after buying an additional 283,238 shares during the period. Institutional investors and hedge funds own 90.00% of the company's stock.

Insiders Place Their Bets

In other news, insider Kathy Card Beckles sold 326 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total transaction of $98,080.36. Following the completion of the transaction, the insider directly owned 9,319 shares of the company's stock, valued at $2,803,714.34. This represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $259.80 per share, with a total value of $259,800.00. Following the completion of the transaction, the director directly owned 1,773 shares in the company, valued at approximately $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 14,265 shares of company stock worth $4,002,332 in the last ninety days. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRSK has been the topic of several recent analyst reports. 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. Wells Fargo & Company dropped their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Wolfe Research initiated coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 target price on the stock. Morgan Stanley boosted 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, UBS Group dropped their target price on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Verisk Analytics presently has an average rating of "Hold" and an average price target of $308.09.

Verisk Analytics Trading Down 0.8%

Shares of VRSK stock opened at $242.30 on Wednesday. Verisk Analytics, Inc. has a 52-week low of $239.83 and a 52-week 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 company has a 50-day simple moving average of $271.17 and a two-hundred day simple moving average of $290.50. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 3.46 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. During the same period in the prior year, the firm posted $1.74 EPS. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's dividend payout ratio is presently 27.73%.

Verisk Analytics Company 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.

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