City Holding Co. Acquires 359 Shares of Verisk Analytics, Inc. $VRSK

City Holding Co. boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,130 shares of the business services provider’s stock after purchasing an additional 359 shares during the quarter. City Holding Co.’s holdings in Verisk Analytics were worth $1,598,000 at the end of the most recent quarter.

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

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction 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 directly owned 15,165 shares of the company’s stock, valued at $3,862,828.80. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction 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 completion of the sale, the chief executive officer directly owned 78,907 shares of the company’s stock, 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. In the last three months, insiders have sold 14,265 shares of company stock worth $4,002,332. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Verisk Analytics Price Performance

VRSK stock opened at $247.07 on Friday. 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 $34.52 billion, a P/E ratio of 38.07, a P/E/G ratio of 3.50 and a beta of 0.86. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. The company’s 50-day moving average price is $267.73 and its two-hundred day moving average price is $289.51.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.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 company earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics’s dividend payout ratio (DPR) is presently 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.