Verisk Analytics, Inc. $VRSK Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 66,893 shares of the business services provider’s stock after selling 1,579 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Verisk Analytics were worth $20,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its holdings in shares of Verisk Analytics by 1.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider’s stock worth $945,000 after purchasing an additional 35 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Verisk Analytics by 0.4% during the 2nd quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider’s stock worth $2,809,000 after purchasing an additional 35 shares during the last quarter. NBT Bank N A NY boosted its holdings in shares of Verisk Analytics by 11.4% during the 2nd quarter. NBT Bank N A NY now owns 341 shares of the business services provider’s stock worth $106,000 after purchasing an additional 35 shares during the last quarter. Tranquility Partners LLC raised its position in shares of Verisk Analytics by 1.1% during the 2nd 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 period. Finally, Private Trust Co. NA raised its position in shares of Verisk Analytics by 10.2% during the 1st 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 period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the sale, the chief executive officer directly owned 78,907 shares of the company’s stock, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief financial officer directly owned 14,865 shares of the company’s stock, valued at $3,600,748.95. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,520 shares of company stock worth $2,255,396 over the last ninety days. Insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Up 0.1%

Verisk Analytics stock opened at $234.94 on Friday. Verisk Analytics, Inc. has a twelve month low of $228.09 and a twelve month high of $322.92. The stock’s fifty day simple moving average is $253.29 and its 200-day simple moving average is $282.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. The firm 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 (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The business had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the prior year, the company earned $1.74 earnings per share. The company’s 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 expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI reduced their price target on shares of Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. UBS Group cut their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company cut their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Rothschild & Co Redburn reissued a “sell” rating and issued a $220.00 target price (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Finally, Morgan Stanley boosted their target price on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Verisk Analytics 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.