QRG Capital Management Inc. Buys 48,707 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• QRG Capital Management increased its Verisk Analytics stake by 297.6% in the second quarter, buying 48,707 additional shares for a total holding of 65,071 shares valued at approximately $11.7 million. Institutional investors collectively own 90% of the company.
• Analysts maintain a generally positive outlook, with Verisk carrying a consensus rating of “Moderate Buy” and an average price target of $226.71. Ratings include one Strong Buy, six Buys and eight Holds.
• Verisk exceeded quarterly earnings expectations, reporting EPS of $1.98 versus the $1.93 consensus and revenue of $806.3 million. The company also declared a quarterly dividend of $0.50 per share, equivalent to a 1.2% annual yield.

QRG Capital Management Inc. raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 297.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 65,071 shares of the business services provider's stock after purchasing an additional 48,707 shares during the period. QRG Capital Management Inc.'s holdings in Verisk Analytics were worth $11,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Verisk Analytics by 14.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 497 shares of the business services provider's stock worth $89,000 after acquiring an additional 61 shares in the last quarter. Evoke Wealth LLC raised its holdings in Verisk Analytics by 8.1% in the 4th quarter. Evoke Wealth LLC now owns 951 shares of the business services provider's stock worth $213,000 after purchasing an additional 71 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Verisk Analytics by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,647 shares of the business services provider's stock worth $1,220,000 after purchasing an additional 78 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Verisk Analytics by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,239 shares of the business services provider's stock valued at $235,000 after buying an additional 79 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in Verisk Analytics by 1.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,662 shares of the business services provider's stock valued at $1,074,000 after acquiring an additional 81 shares during the period. Institutional investors own 90.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VRSK shares. Rothschild & Co Redburn set a $185.00 price target on shares of Verisk Analytics and gave the stock a "neutral" rating in a report on Thursday, June 18th. Wells Fargo & Company upped their price target on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Verisk Analytics in a research note on Thursday, July 30th. Evercore set a $223.00 price objective on Verisk Analytics in a report on Thursday, July 30th. Finally, Weiss Ratings raised Verisk Analytics from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Verisk Analytics presently has a consensus rating of "Moderate Buy" and an average price target of $226.71.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 400 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $184.91, for a total transaction of $73,964.00. Following the sale, the chief financial officer owned 17,984 shares of the company's stock, valued at approximately $3,325,421.44. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Beckles sold 2,020 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $195.49, for a total value of $394,889.80. Following the completion of the transaction, the insider owned 11,516 shares in the company, valued at $2,251,262.84. This represents a 14.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,390 shares of company stock worth $2,470,792 in the last ninety days. 0.52% of the stock is owned by insiders.

Verisk Analytics Price Performance

VRSK stock opened at $171.80 on Thursday. Verisk Analytics, Inc. has a 1 year low of $155.94 and a 1 year high of $253.35. The company has a debt-to-equity ratio of 10.42, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $22.36 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. The business has a 50 day simple moving average of $188.10 and a 200-day simple moving average of $184.12.

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

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Verisk Analytics's payout ratio is 30.72%.

Verisk Analytics Profile

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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