Generali Asset Management SPA SGR Has $2.63 Million Stock Position in Verisk Analytics, Inc. $VRSK

Key Points

• Generali Asset Management SPA SGR reduced its stake in Verisk Analytics, Inc. by 28.7% in the second quarter, holding a total of 8,454 shares valued at approximately $2.63 million.
• Other institutional investors have increased their positions, with Harbour Investments Inc. raising its stake by 836.0% and Envestnet Portfolio Solutions Inc. increasing its holdings by 436.8%.
• Verisk Analytics announced a quarterly dividend of $0.45 per share, with a current dividend yield of 0.8% and a payout ratio of 27.73%.

Generali Asset Management SPA SGR lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 28.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,454 shares of the business services provider's stock after selling 3,402 shares during the quarter. Generali Asset Management SPA SGR's holdings in Verisk Analytics were worth $2,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ritholtz Wealth Management increased its position in shares of Verisk Analytics by 19.4% in the second quarter. Ritholtz Wealth Management now owns 3,358 shares of the business services provider's stock valued at $1,046,000 after acquiring an additional 545 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Verisk Analytics by 836.0% in the 2nd quarter. Harbour Investments Inc. now owns 468 shares of the business services provider's stock valued at $146,000 after purchasing an additional 418 shares during the period. Sagespring Wealth Partners LLC raised its holdings in shares of Verisk Analytics by 4.1% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 2,531 shares of the business services provider's stock valued at $788,000 after purchasing an additional 99 shares during the period. NorthRock Partners LLC raised its holdings in shares of Verisk Analytics by 4.3% in the 2nd quarter. NorthRock Partners LLC now owns 2,210 shares of the business services provider's stock valued at $688,000 after purchasing an additional 92 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Verisk Analytics by 436.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 56,246 shares of the business services provider's stock valued at $17,520,000 after purchasing an additional 45,768 shares during the period. Institutional investors and hedge funds own 90.00% of the company's stock.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry bought 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, with a total value of $259,800.00. Following the completion of the acquisition, the director owned 1,773 shares of the company's stock, valued at $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas Daffan sold 5,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider directly owned 54,337 shares in the company, valued at $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,520 shares of company stock valued at $2,255,396 over the last ninety days. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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. 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. Wolfe Research assumed 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. Evercore ISI dropped their target price on shares of Verisk Analytics from $292.00 to $262.00 and set an "in-line" rating on the stock in a report on Tuesday. Finally, Seaport Res Ptn raised shares of Verisk Analytics to a "strong-buy" rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $299.33.

Verisk Analytics Stock Down 6.1%

Verisk Analytics stock opened at $229.06 on Friday. The stock has a market cap of $32.00 billion, a P/E ratio of 35.29, a P/E/G ratio of 3.45 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a twelve month low of $228.09 and a twelve month high of $322.92. The company's 50-day moving average price is $256.89 and its two-hundred day moving average price is $285.10.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released 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 firm had revenue of $772.60 million for the quarter, compared to analysts' expectations of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Verisk Analytics's dividend payout ratio (DPR) is currently 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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