Verisk Analytics, Inc. $VRSK Stock Position Lifted by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its stake in Verisk Analytics by 24% in Q2, bringing its holdings to 21,745 shares valued at $6.77 million.
• Verisk Analytics announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 0.7%, with a payout ratio of 27.73%.
• The company's latest earnings report showed EPS of $1.88, exceeding analyst expectations and reflecting a 7.8% revenue growth year-over-year.

Dakota Wealth Management boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 24.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,745 shares of the business services provider's stock after purchasing an additional 4,206 shares during the quarter. Dakota Wealth Management's holdings in Verisk Analytics were worth $6,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Verisk Analytics by 225.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after purchasing an additional 10,331 shares in the last quarter. Voya Investment Management LLC raised its stake in Verisk Analytics by 24.1% during the 1st quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider's stock worth $90,076,000 after buying an additional 58,954 shares during the period. Simon Quick Advisors LLC bought a new stake in Verisk Analytics during the 1st quarter worth approximately $237,000. Insight Wealth Strategies LLC acquired a new stake in shares of Verisk Analytics in the 2nd quarter valued at about $3,860,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Verisk Analytics in the 1st quarter valued at $202,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VRSK. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Wolfe Research initiated coverage on Verisk Analytics in a report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price objective on the stock. Wells Fargo & Company decreased their price target on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Morgan Stanley boosted their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, UBS Group dropped their target price on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $308.09.

Insider Transactions at Verisk Analytics

In related news, Director Christopher John Perry purchased 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $259.80 per share, with a total value of $259,800.00. Following the transaction, the director directly owned 1,773 shares in the company, valued at $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth Mann sold 300 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total transaction of $76,416.00. Following the transaction, the chief financial officer owned 15,165 shares in the company, valued at approximately $3,862,828.80. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,265 shares of company stock worth $4,002,332 over the last quarter. Corporate insiders own 0.46% of the company's stock.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $242.95 on Thursday. The company has a 50-day simple moving average of $270.00 and a two-hundred day simple moving average of $290.18. 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 12-month low of $239.83 and a 12-month high of $322.92. The firm has a market cap of $33.94 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 3.44 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's payout ratio is currently 27.73%.

About Verisk Analytics

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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