DekaBank Deutsche Girozentrale Sells 17,457 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• DekaBank Deutsche Girozentrale has reduced its stake in Verisk Analytics by 15.7%, selling 17,457 shares, and now owns approximately 93,492 shares valued at $28.83 million.
• Insider sales have occurred, including CFO Elizabeth Mann selling 300 shares, resulting in a decrease of 1.98% in her ownership, and Nicholas Daffan selling 5,420 shares, decreasing his stake by 9.07%.
• Verisk Analytics stock has received mixed analyst ratings, with a consensus price target of $299.33 and a reported earnings per share of $1.88 for the last quarter, exceeding estimates.

DekaBank Deutsche Girozentrale reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 15.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,492 shares of the business services provider's stock after selling 17,457 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Verisk Analytics worth $28,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Verisk Analytics by 22.4% during the first quarter. GAMMA Investing LLC now owns 4,047 shares of the business services provider's stock worth $1,204,000 after buying an additional 741 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Verisk Analytics by 8.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,001 shares of the business services provider's stock worth $1,786,000 after buying an additional 477 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Verisk Analytics during the first quarter worth approximately $202,000. Asset Management One Co. Ltd. lifted its holdings in shares of Verisk Analytics by 5.7% during the first quarter. Asset Management One Co. Ltd. now owns 100,997 shares of the business services provider's stock worth $30,059,000 after buying an additional 5,427 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Verisk Analytics by 71.2% during the first quarter. Spire Wealth Management now owns 2,302 shares of the business services provider's stock worth $685,000 after buying an additional 957 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 300 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total value of $72,669.00. Following the completion of the sale, the chief financial officer directly owned 14,865 shares in the company, valued at approximately $3,600,748.95. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicholas Daffan sold 5,420 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the completion of the sale, the insider owned 54,337 shares of the company's stock, valued at approximately $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,520 shares of company stock valued at $2,255,396. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSK has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Verisk Analytics in a report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price target for the company. UBS Group cut 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. Rothschild & Co Redburn restated a "sell" rating and issued a $220.00 target price (down from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Wells Fargo & Company cut their target price on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Finally, Rothschild Redb lowered Verisk Analytics from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $299.33.

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $237.47 on Thursday. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a fifty day moving average price of $254.60 and a two-hundred day moving average price of $283.40. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92. The firm has a market capitalization of $33.18 billion, a P/E ratio of 36.59, a P/E/G ratio of 3.12 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data 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. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The firm had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same period in the prior year, the company posted $1.74 earnings per share. The business's revenue for the quarter 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. As a group, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

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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