Maridea Wealth Management LLC Invests $231,000 in Verisk Analytics, Inc. $VRSK

Maridea Wealth Management LLC purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 743 shares of the business services provider’s stock, valued at approximately $231,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Verisk Analytics by 1.5% in the first quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after acquiring an additional 239,483 shares during the last quarter. Alliancebernstein L.P. increased its stake in Verisk Analytics by 0.5% in the first quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider’s stock valued at $1,558,067,000 after acquiring an additional 25,010 shares during the last quarter. Invesco Ltd. increased its stake in Verisk Analytics by 36.0% in the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after acquiring an additional 596,225 shares during the last quarter. Nuveen LLC bought a new position in Verisk Analytics in the first quarter valued at $508,611,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Verisk Analytics by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock valued at $507,219,000 after acquiring an additional 283,238 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $244.06 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. The firm has a 50-day moving average of $268.83 and a 200-day moving average of $289.80. The firm has a market cap 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. Verisk Analytics, Inc. has a 1-year low of $239.83 and a 1-year high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. Verisk Analytics’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

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

Insider Activity at Verisk Analytics

In other news, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the completion of the sale, the insider directly owned 54,337 shares in the company, valued at approximately $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathy Card Beckles sold 326 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total transaction of $98,080.36. Following the sale, the insider owned 9,319 shares of the company’s stock, valued at approximately $2,803,714.34. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,265 shares of company stock valued at $4,002,332 in the last quarter. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VRSK shares. Morgan Stanley increased their target price on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. 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. UBS Group reduced their price objective on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Finally, Wolfe Research started coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.