Verisk Analytics, Inc. $VRSK Position Reduced by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,583 shares of the business services provider’s stock after selling 383 shares during the period. Concurrent Investment Advisors LLC’s holdings in Verisk Analytics were worth $805,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VRSK. Trust Co. of Toledo NA OH purchased a new position in Verisk Analytics during the 2nd quarter worth approximately $41,000. Wayfinding Financial LLC acquired a new stake in shares of Verisk Analytics in the first quarter worth $48,000. Ameritas Advisory Services LLC purchased a new position in shares of Verisk Analytics during the second quarter valued at $48,000. GW&K Investment Management LLC raised its position in Verisk Analytics by 186.7% during the first quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider’s stock valued at $51,000 after buying an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Verisk Analytics in the 1st quarter worth about $52,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $229.06 on Friday. Verisk Analytics, Inc. has a 12 month low of $228.09 and a 12 month high of $322.92. The company has a market cap of $32.00 billion, a P/E ratio of 35.29, a P/E/G ratio of 3.45 and a beta of 0.85. The business’s 50 day moving average is $256.89 and its two-hundred day moving average is $285.10. 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 earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business 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%. Verisk Analytics’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. 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 business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the sale, the insider directly owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was 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 the SEC website. Also, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 owned 1,773 shares of the company’s stock, valued at $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 8,520 shares of company stock worth $2,255,396 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley lifted 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 dropped their price objective 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. UBS Group lowered their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Rothschild & Co Redburn reiterated a “sell” rating and set a $220.00 price objective (down from $280.00) on shares of Verisk Analytics in a report on Thursday. Finally, Wolfe Research started coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Verisk Analytics has an average rating of “Hold” and an average target price of $299.33.

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.