Sumitomo Mitsui Trust Group Inc. Raises Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• Sumitomo Mitsui Trust Group Inc. raised its stake in Verisk Analytics by 1.4%, now owning approximately 0.24% of the company, valued at $105.5 million.
• In its latest quarterly earnings, Verisk Analytics reported an earnings per share of $1.88, exceeding estimates and marking a 7.8% year-over-year revenue increase.
• Institutional investors hold 90% of Verisk Analytics' stock, indicating strong institutional interest in the company.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,608 shares of the business services provider's stock after acquiring an additional 4,536 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Verisk Analytics worth $105,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Verisk Analytics in the second quarter worth $41,000. Wayfinding Financial LLC bought a new stake in Verisk Analytics in the 1st quarter worth $48,000. Ameritas Advisory Services LLC purchased a new position in shares of Verisk Analytics in the second quarter valued at about $48,000. GW&K Investment Management LLC increased its position in shares of Verisk Analytics by 186.7% in the first 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. Finally, Zions Bancorporation National Association UT bought a new position in shares of Verisk Analytics during the first quarter valued at about $52,000. Institutional investors own 90.00% of the company's stock.

Verisk Analytics Trading Up 0.1%

VRSK opened at $234.94 on Friday. 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 52 week low of $228.09 and a 52 week high of $322.92. The stock has a market cap of $32.82 billion, a PE ratio of 36.20, a PEG ratio of 3.09 and a beta of 0.85. The business has a 50 day moving average of $253.29 and a 200-day moving average of $282.85.

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

Analyst Ratings Changes

VRSK has been the topic 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 on the stock. Rothschild & Co Redburn reissued a "sell" rating and set a $220.00 target price (down from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Seaport Res Ptn upgraded Verisk Analytics to a "strong-buy" rating in a report on Wednesday, October 1st. UBS Group cut their price target 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. Finally, Weiss Ratings downgraded shares of Verisk Analytics from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $299.33.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the completion of the transaction, the chief executive officer owned 78,907 shares of the company's stock, valued at approximately $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer owned 14,865 shares of the company's stock, valued at $3,600,748.95. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,520 shares of company stock valued at $2,255,396 in the last quarter. 0.46% of the stock is owned by insiders.

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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