Janney Montgomery Scott LLC Has $6.70 Million Position in Verisk Analytics, Inc. $VRSK

Key Points

• Janney Montgomery Scott LLC reduced its position in Verisk Analytics by 72.3%, now holding 21,507 shares valued at approximately $6.70 million.
• Verisk Analytics recently announced a dividend of $0.45 per share, with an annualized yield of 0.7%, and a payout ratio of 27.73%.
• The company's earnings for the last quarter were $1.88 per share, exceeding analysts' estimates and reflecting a 7.8% increase in revenue year-over-year.

Janney Montgomery Scott LLC reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 72.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,507 shares of the business services provider's stock after selling 56,054 shares during the period. Janney Montgomery Scott LLC's holdings in Verisk Analytics were worth $6,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSK. Louisbourg Investments Inc. acquired a new stake in Verisk Analytics in the 1st quarter valued at $25,000. Wayfinding Financial LLC bought a new position in shares of Verisk Analytics in the 1st quarter valued at about $48,000. GW&K Investment Management LLC grew its position in shares of Verisk Analytics by 186.7% in the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider's stock valued at $51,000 after acquiring an additional 112 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Verisk Analytics in the 1st quarter valued at about $52,000. Finally, WPG Advisers LLC bought a new position in shares of Verisk Analytics in the 1st quarter valued at about $53,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $259.80 per share, with a total value of $259,800.00. Following the acquisition, the director directly owned 1,773 shares of the company's stock, valued at $460,625.40. The trade was a 129.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the sale, the chief financial officer owned 15,165 shares of the company's stock, valued at approximately $3,862,828.80. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,520 shares of company stock valued at $2,273,891. 0.46% of the stock is owned by insiders.

Verisk Analytics Trading Up 0.7%

VRSK opened at $249.04 on Monday. Verisk Analytics, Inc. has a fifty-two week low of $239.83 and a fifty-two week high of $322.92. 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 firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 3.53 and a beta of 0.85. The company's 50 day moving average price is $262.88 and its two-hundred day moving average price is $288.12.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share 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 firm had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. During the same period in the previous year, the firm posted $1.74 EPS. The company'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, research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. Verisk Analytics's payout ratio is presently 27.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Seaport Res Ptn raised shares of Verisk Analytics to a "strong-buy" rating in a research report on Wednesday, October 1st. Morgan Stanley lifted their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, UBS Group decreased their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Verisk Analytics currently has a consensus rating of "Moderate Buy" and a consensus price target of $311.00.

Verisk Analytics 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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