Ethic Inc. Cuts Stock Holdings in Verisk Analytics, Inc. $VRSK

Ethic Inc. decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,840 shares of the business services provider’s stock after selling 1,559 shares during the quarter. Ethic Inc.’s holdings in Verisk Analytics were worth $7,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its holdings in shares of Verisk Analytics by 1.1% during the first quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider’s stock valued at $945,000 after buying an additional 35 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Verisk Analytics by 0.4% during the second quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider’s stock valued at $2,809,000 after buying an additional 35 shares during the last quarter. NBT Bank N A NY grew its holdings in shares of Verisk Analytics by 11.4% during the second quarter. NBT Bank N A NY now owns 341 shares of the business services provider’s stock valued at $106,000 after buying an additional 35 shares during the last quarter. Tranquility Partners LLC grew its holdings in shares of Verisk Analytics by 1.1% during the second quarter. Tranquility Partners LLC now owns 3,231 shares of the business services provider’s stock valued at $1,006,000 after buying an additional 35 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Verisk Analytics by 10.2% during the first quarter. Private Trust Co. NA now owns 389 shares of the business services provider’s stock valued at $116,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on VRSK. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. 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. UBS Group dropped their target price 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. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company dropped their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $299.33.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the transaction, the insider directly owned 54,337 shares in the company, valued at approximately $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee Shavel sold 1,100 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $268.01, for a total transaction of $294,811.00. Following the completion of the transaction, the chief executive officer owned 78,907 shares in the company, valued at $21,147,865.07. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,520 shares of company stock valued at $2,255,396 over the last three months. Insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Up 0.2%

VRSK opened at $237.47 on Thursday. 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, Inc. has a 1-year low of $228.09 and a 1-year high of $322.92. The company has a market capitalization of $33.18 billion, a PE ratio of 36.59, a PEG ratio of 3.12 and a beta of 0.85. The firm’s 50 day simple moving average is $254.60 and its two-hundred day simple moving average is $283.40.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results 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. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business had revenue of $772.60 million for the quarter, compared to the consensus estimate of $767.91 million. During the same period last year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

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.