Cigna Investments Inc. New Has $428,000 Stake in Verisk Analytics, Inc. $VRSK

Cigna Investments Inc. New trimmed its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,374 shares of the business services provider’s stock after selling 57 shares during the period. Cigna Investments Inc. New’s holdings in Verisk Analytics were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the completion of the transaction, the insider directly owned 54,337 shares of the company’s stock, valued at approximately $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the transaction, the chief financial officer directly owned 15,165 shares of the company’s stock, valued at approximately $3,862,828.80. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,265 shares of company stock valued at $4,002,332. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Verisk Analytics Trading Up 0.5%

Shares of VRSK stock opened at $244.06 on Friday. Verisk Analytics, Inc. has a 12-month low of $239.83 and a 12-month high of $322.92. The company has a market capitalization of $34.10 billion, a P/E ratio of 37.61, a P/E/G ratio of 3.44 and a beta of 0.86. The firm has a 50-day moving average price of $268.83 and a 200 day moving average price of $289.80. 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 (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $767.91 million. During the same period last year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

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

Verisk Analytics Company 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.