Dakota Wealth Management Increases Stake in Verisk Analytics, Inc. $VRSK

Dakota Wealth Management increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VRSK. Nuveen LLC acquired a new position in Verisk Analytics in the 1st quarter worth approximately $508,611,000. Ameriprise Financial Inc. raised its holdings in shares of Verisk Analytics by 631.0% during the first quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock valued at $422,676,000 after acquiring an additional 1,221,798 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Verisk Analytics by 36,332.8% during the first quarter. GAMMA Investing LLC now owns 1,204,468 shares of the business services provider’s stock worth $358,474,000 after buying an additional 1,201,162 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after purchasing an additional 596,225 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Verisk Analytics by 35.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock worth $492,182,000 after purchasing an additional 434,053 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Up 0.3%

Verisk Analytics stock opened at $242.95 on Thursday. Verisk Analytics, Inc. has a 52 week low of $239.83 and a 52 week high of $322.92. The stock has a 50-day moving average price of $270.00 and a 200 day moving average price of $290.18. The stock has a market cap of $33.94 billion, a PE ratio of 37.43, a P/E/G ratio of 3.44 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. Verisk Analytics’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. Equities research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 is Monday, September 15th. Verisk Analytics’s payout ratio is 27.73%.

Insider Activity

In other Verisk Analytics news, Director Christopher John Perry purchased 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 completion of the transaction, the director directly owned 1,773 shares in the company, valued at approximately $460,625.40. This represents a 129.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics 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 transaction, the chief executive officer directly owned 78,907 shares in the company, valued at approximately $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,265 shares of company stock valued at $4,002,332 in the last 90 days. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VRSK shares. Wells Fargo & Company cut their price target on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. UBS Group dropped their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Wolfe Research started coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 target price on the stock. Morgan Stanley raised their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the stock an “outperform” rating in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics has an average rating of “Hold” and a consensus target price of $308.09.

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.