Convergence Investment Partners LLC Boosts Stock Position in Verisk Analytics, Inc. $VRSK

Convergence Investment Partners LLC grew its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 36.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,262 shares of the business services provider’s stock after buying an additional 602 shares during the period. Convergence Investment Partners LLC’s holdings in Verisk Analytics were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Verisk Analytics during the second quarter worth $41,000. Wayfinding Financial LLC purchased a new stake in shares of Verisk Analytics during the first quarter worth $48,000. Ameritas Advisory Services LLC purchased a new stake in shares of Verisk Analytics during the second quarter worth $48,000. GW&K Investment Management LLC lifted its position in shares of 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 worth $51,000 after acquiring an additional 112 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of Verisk Analytics in the second quarter worth $51,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $259.80 per share, with a total value of $259,800.00. Following the completion of the purchase, the director owned 1,773 shares of the company’s stock, valued at $460,625.40. This represents a 129.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total value of $72,669.00. Following the transaction, the chief financial officer directly owned 14,865 shares in the company, valued at $3,600,748.95. This trade represents 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 valued at $2,255,396 over the last three months. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group decreased 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. Wells Fargo & Company decreased their price target 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. Weiss Ratings cut shares of Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Morgan Stanley upped their price target 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. Finally, Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Verisk Analytics has an average rating of “Hold” and a consensus target price of $299.33.

Verisk Analytics Stock Down 0.5%

VRSK opened at $233.68 on Tuesday. The stock has a market cap of $32.65 billion, a PE ratio of 36.01, a P/E/G ratio of 3.09 and a beta of 0.85. 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, Inc. has a 52 week low of $228.09 and a 52 week high of $322.92. The business’s fifty day simple moving average is $252.65 and its 200 day simple moving average is $282.41.

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