Verisk Analytics, Inc. $VRSK Stake Decreased by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,297 shares of the business services provider’s stock after selling 32,142 shares during the period. Bank of Montreal Can owned 0.11% of Verisk Analytics worth $48,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Verisk Analytics by 1.5% during the first quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after buying an additional 239,483 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Verisk Analytics by 0.5% during the first quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider’s stock valued at $1,558,067,000 after buying an additional 25,010 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Verisk Analytics by 36.0% during the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after buying an additional 596,225 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Verisk Analytics in the 1st quarter worth approximately $508,611,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Verisk Analytics by 19.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock worth $507,219,000 after acquiring an additional 283,238 shares during the period. Institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

VRSK has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Weiss Ratings lowered shares of Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Seaport Res Ptn raised shares of Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. 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 research note on Thursday, July 31st. Finally, Wolfe Research initiated coverage on shares of Verisk Analytics in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.14.

Verisk Analytics Stock Down 2.7%

NASDAQ:VRSK opened at $214.05 on Thursday. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.75 and a beta of 0.85. Verisk Analytics, Inc. has a 1-year low of $196.99 and a 1-year high of $322.92. The company has a current ratio of 1.19, a quick ratio of 1.53 and a debt-to-equity ratio of 8.55. The business’s fifty day moving average price is $245.41 and its 200 day moving average price is $278.78.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $768.30 million for the quarter, compared to analyst estimates of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.Verisk Analytics’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 15th. Verisk Analytics’s dividend payout ratio (DPR) is currently 27.44%.

Insiders Place Their Bets

In other news, Director Gregory Hendrick acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $216.14 per share, with a total value of $108,070.00. Following the acquisition, the director owned 2,536 shares in the company, valued at approximately $548,131.04. This represents a 24.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sabra R. Purtill acquired 450 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $217.95 per share, with a total value of $98,077.50. Following the completion of the acquisition, the director owned 1,327 shares in the company, valued at $289,219.65. This trade represents a 51.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 2,450 shares of company stock worth $574,463 and have sold 8,520 shares worth $2,255,396. 0.46% of the stock is currently owned by company insiders.

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.