Atria Wealth Solutions Inc. Decreases Stake in Verisk Analytics, Inc. $VRSK

Atria Wealth Solutions Inc. reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 67.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,260 shares of the business services provider’s stock after selling 2,561 shares during the period. Atria Wealth Solutions Inc.’s holdings in Verisk Analytics were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in VRSK. Nuveen LLC purchased a new stake in shares of Verisk Analytics during the 1st quarter worth $508,611,000. Ameriprise Financial Inc. boosted 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 purchasing an additional 1,221,798 shares in the last quarter. Invesco Ltd. boosted its position in shares of 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 purchasing an additional 596,225 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Verisk Analytics by 35.6% during the 1st 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 worth $492,182,000 after purchasing an additional 434,053 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Verisk Analytics by 52.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock worth $339,586,000 after buying an additional 393,668 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Verisk Analytics

In other news, CFO Elizabeth Mann sold 300 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the completion of the transaction, the chief financial officer owned 14,865 shares of the company’s stock, valued at $3,600,748.95. This represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas Daffan sold 5,420 shares of the company’s 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 transaction, the insider directly owned 54,337 shares of the company’s stock, valued at approximately $14,399,305. This represents a 9.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,520 shares of company stock worth $2,255,396. 0.46% of the stock is owned by insiders.

Verisk Analytics Trading Up 1.3%

Shares of VRSK stock opened at $235.29 on Tuesday. The firm has a 50-day moving average price of $255.60 and a 200 day moving average price of $284.04. Verisk Analytics, Inc. has a twelve month low of $228.09 and a twelve month high of $322.92. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.06 and a beta of 0.85. The company has a current ratio of 1.53, a quick 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 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 quarter in the previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid 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%.

Analyst Upgrades and Downgrades

VRSK has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Verisk Analytics in a research note on Wednesday, October 8th. Rothschild & Co Redburn reaffirmed a “sell” rating and set a $220.00 price target (down previously from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Rothschild Redb downgraded Verisk Analytics from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Wolfe Research initiated coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.