Verisk Analytics, Inc. $VRSK Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its Verisk Analytics position by 1,895% in the third quarter, acquiring 38,013 additional shares for a total holding of 40,019 shares valued at approximately $6.7 million. Institutional investors and hedge funds collectively own about 90% of VRSK.
• Verisk shares were trading at $163.88, down 2.7%, with the stock near its 12-month low of $155.94. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $226.71.
• The company exceeded quarterly earnings expectations, reporting $1.98 in EPS and $806.3 million in revenue, while revenue grew 4.3% year over year. Verisk also pays a quarterly dividend of $0.50, equivalent to a 1.2% annual yield.

CX Institutional raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 1,895.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,019 shares of the business services provider's stock after purchasing an additional 38,013 shares during the period. CX Institutional's holdings in Verisk Analytics were worth $6,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRSK. XXEC Inc. acquired a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $992,675,000. BlackRock Inc. purchased a new position in Verisk Analytics in the 2nd quarter valued at approximately $1,852,678,000. Bamco Inc. NY purchased a new position in Verisk Analytics in the 2nd quarter valued at approximately $844,259,000. Capital International Investors grew its stake in Verisk Analytics by 1,200.9% during the 4th quarter. Capital International Investors now owns 3,264,323 shares of the business services provider's stock worth $730,196,000 after purchasing an additional 3,013,400 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in Verisk Analytics during the 2nd quarter worth $266,201,000. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Trading Down 2.7%

NASDAQ:VRSK opened at $163.88 on Friday. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $250.20. The firm has a market cap of $21.33 billion, a P/E ratio of 25.17, a PEG ratio of 1.92 and a beta of 0.69. The stock's 50 day simple moving average is $183.81 and its 200-day simple moving average is $182.42.

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

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Verisk Analytics's dividend payout ratio (DPR) is 30.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Verisk Analytics from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Robert W. Baird set a $247.00 target price on shares of Verisk Analytics in a report on Thursday, July 30th. Wells Fargo & Company boosted their price target on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Evercore set a $223.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 30th. Finally, Barclays decreased their price objective on shares of Verisk Analytics from $275.00 to $225.00 and set an "overweight" rating for the company in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Verisk Analytics presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.71.

Insider Buying and Selling at Verisk Analytics

In other news, CEO Lee Shavel sold 3,535 shares of Verisk Analytics stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $170.70, for a total transaction of $603,424.50. Following the completion of the sale, the chief executive officer directly owned 98,490 shares in the company, valued at approximately $16,812,243. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathy Beckles sold 2,020 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $195.49, for a total value of $394,889.80. Following the completion of the sale, the insider owned 11,516 shares in the company, valued at approximately $2,251,262.84. This represents a 14.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 15,925 shares of company stock valued at $3,074,216. Corporate insiders own 0.52% of the company's stock.

Verisk Analytics Profile

Verisk Analytics, Inc is a data analytics and technology company that provides information, software and predictive insights primarily to the insurance industry. Its solutions help insurers assess risk, support underwriting, manage claims, detect fraud and improve pricing and operational decision-making across property and casualty, life and specialty insurance markets.

The company's offerings include industry data and standardized insurance information through its ISO business, catastrophe modeling and risk analytics through Extreme Event Solutions and AIR Worldwide, and property estimating and claims-management tools through Xactware.

Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.