Verisk Analytics, Inc. $VRSK Shares Purchased by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. boosted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 27.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,258 shares of the business services provider’s stock after purchasing an additional 1,337 shares during the quarter. Verisk Analytics makes up 1.7% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Stegent Equity Advisors Inc.’s holdings in Verisk Analytics were worth $1,949,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VRSK. GAMMA Investing LLC increased its stake in Verisk Analytics by 22.4% in the first quarter. GAMMA Investing LLC now owns 4,047 shares of the business services provider’s stock valued at $1,204,000 after purchasing an additional 741 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Verisk Analytics by 8.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,001 shares of the business services provider’s stock worth $1,786,000 after acquiring an additional 477 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Verisk Analytics during the first quarter worth about $202,000. Spire Wealth Management increased its stake in Verisk Analytics by 71.2% during the first quarter. Spire Wealth Management now owns 2,302 shares of the business services provider’s stock worth $685,000 after acquiring an additional 957 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in Verisk Analytics during the first quarter worth about $200,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group dropped their price target 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. Wells Fargo & Company decreased their target price 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. Rothschild Redb downgraded Verisk Analytics from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Morgan Stanley upped their target price on Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Evercore ISI decreased their target price on Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $299.33.

Insiders Place Their Bets

In related news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total value 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 approximately $3,600,748.95. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 54,337 shares of the company’s stock, valued at $14,399,305. This represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,520 shares of company stock worth $2,255,396. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Trading Up 0.1%

Shares of VRSK opened at $234.94 on Friday. The company has a market capitalization of $32.82 billion, a P/E ratio of 36.20, a P/E/G ratio of 3.09 and a beta of 0.85. Verisk Analytics, Inc. has a one year low of $228.09 and a one year high of $322.92. 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 stock has a 50-day moving average price of $253.29 and a 200 day moving average price of $282.85.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm 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 quarter in the prior year, the business posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

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.