DAVENPORT & Co LLC Decreases Holdings in Verisk Analytics, Inc. $VRSK

DAVENPORT & Co LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 82.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,145 shares of the business services provider’s stock after selling 5,243 shares during the period. DAVENPORT & Co LLC’s holdings in Verisk Analytics were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Verisk Analytics by 225.2% during the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider’s stock valued at $4,440,000 after acquiring an additional 10,331 shares during the last quarter. Voya Investment Management LLC increased 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 valued at $90,076,000 after purchasing an additional 58,954 shares in the last quarter. Insight Wealth Strategies LLC acquired a new position in Verisk Analytics during the 2nd quarter valued at approximately $3,860,000. Dakota Wealth Management increased its stake in Verisk Analytics by 24.0% during the 2nd quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock valued at $6,774,000 after purchasing an additional 4,206 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in Verisk Analytics during the 1st quarter valued at approximately $237,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In related news, Director Christopher John Perry bought 1,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction dated 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 owned 78,907 shares in the company, valued at approximately $21,147,865.07. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,520 shares of company stock worth $2,273,891 in the last ninety days. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, UBS Group cut their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $311.00.

Verisk Analytics Stock Up 0.7%

VRSK stock opened at $243.06 on Monday. The firm has a market cap of $33.96 billion, a PE ratio of 37.45, a P/E/G ratio of 3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s fifty day moving average is $258.97 and its 200 day moving average is $286.52. Verisk Analytics, Inc. has a one year low of $239.83 and a one year high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million for 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%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.45 dividend. The ex-dividend date was 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 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.