Citizens Financial Group Inc. RI Acquires 995 Shares of Verisk Analytics, Inc. $VRSK

Citizens Financial Group Inc. RI increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 43.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,286 shares of the business services provider’s stock after acquiring an additional 995 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Verisk Analytics were worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in Verisk Analytics in the 1st quarter valued at about $508,611,000. Ameriprise Financial Inc. increased its holdings in shares of Verisk Analytics by 631.0% during the first quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock worth $422,676,000 after purchasing an additional 1,221,798 shares during the period. Invesco Ltd. raised its position in shares of Verisk Analytics by 36.0% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Verisk Analytics by 35.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock valued at $492,182,000 after buying an additional 434,053 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Verisk Analytics by 52.7% in the first quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock valued at $339,586,000 after buying an additional 393,668 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey J. Dailey bought 500 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $217.03 per share, with a total value of $108,515.00. Following the acquisition, the director directly owned 3,962 shares in the company, valued at approximately $859,872.86. This trade represents a 14.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Daffan sold 5,420 shares of Verisk Analytics 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 sale, the insider directly owned 54,337 shares in the company, valued at $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 1,450 shares of company stock worth $314,663 and sold 6,020 shares worth $1,585,385. 0.46% of the stock is currently owned by insiders.

Verisk Analytics Stock Up 1.5%

Shares of NASDAQ VRSK opened at $219.10 on Tuesday. The company has a market cap of $30.54 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.75 and a beta of 0.84. The company has a current ratio of 1.19, a quick ratio of 1.53 and a debt-to-equity ratio of 8.55. Verisk Analytics, Inc. has a 12 month low of $196.99 and a 12 month high of $322.92. The stock has a 50-day moving average price of $236.85 and a two-hundred day moving average price of $274.46.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $768.30 million for the quarter, compared to analyst estimates of $776.04 million. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, December 15th. Verisk Analytics’s dividend payout ratio is presently 27.44%.

Wall Street Analyst Weigh In

A number of research firms have commented on VRSK. Rothschild & Co Redburn restated a “sell” rating and set a $220.00 price objective (down previously from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Verisk Analytics in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley upped their price objective on shares of 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, Wells Fargo & Company decreased their target price on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $282.14.

Verisk Analytics 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.