DekaBank Deutsche Girozentrale Sells 17,457 Shares of Verisk Analytics, Inc. $VRSK

DekaBank Deutsche Girozentrale decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 93,492 shares of the business services provider’s stock after selling 17,457 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Verisk Analytics were worth $28,831,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC boosted its holdings in Verisk Analytics by 24.1% in the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock valued at $90,076,000 after acquiring an additional 58,954 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in Verisk Analytics in the second quarter valued at about $3,860,000. Dakota Wealth Management boosted its holdings in Verisk Analytics by 24.0% in the second quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock valued at $6,774,000 after acquiring an additional 4,206 shares during the last quarter. Swedbank AB boosted its holdings in Verisk Analytics by 1.8% during the first quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock worth $32,379,000 after buying an additional 1,903 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Verisk Analytics during the first quarter worth about $202,000. Institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wolfe Research assumed coverage on Verisk Analytics in a report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 target price on the stock. Wells Fargo & Company reduced their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Rothschild & Co Redburn restated a “sell” rating and set a $220.00 target price (down previously from $280.00) on shares of Verisk Analytics in a report on Thursday, October 16th. Morgan Stanley raised their target price on 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 target price on Verisk Analytics and gave the stock an “outperform” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $299.33.

Insider Buying and Selling

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider owned 54,337 shares of the company’s stock, valued at $14,399,305. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher John Perry purchased 1,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the transaction, the director directly owned 1,773 shares in the company, valued at approximately $460,625.40. The trade was a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,520 shares of company stock worth $2,255,396 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Trading Up 0.2%

NASDAQ VRSK opened at $237.47 on Thursday. The stock has a market capitalization of $33.18 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 3.12 and a beta of 0.85. The stock’s 50 day moving average price is $254.60 and its two-hundred day moving average price is $283.40. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. Verisk Analytics, Inc. has a 52 week low of $228.09 and a 52 week high of $322.92.

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 the consensus estimate of $1.77 by $0.11. The firm 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 business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, analysts anticipate 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.