WBI Investments LLC Sells 968 Shares of Verisk Analytics, Inc. $VRSK

WBI Investments LLC lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 21.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,483 shares of the business services provider’s stock after selling 968 shares during the quarter. WBI Investments LLC’s holdings in Verisk Analytics were worth $1,085,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its holdings in Verisk Analytics by 1.5% in the first quarter. CWM LLC now owns 4,663 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 71 shares during the last quarter. Larson Financial Group LLC raised its stake in Verisk Analytics by 270.3% during the 1st quarter. Larson Financial Group LLC now owns 337 shares of the business services provider’s stock valued at $100,000 after buying an additional 246 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Verisk Analytics by 13.8% during the 1st quarter. Private Advisor Group LLC now owns 3,452 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 419 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Verisk Analytics by 56.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,190 shares of the business services provider’s stock valued at $1,247,000 after buying an additional 1,511 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Verisk Analytics by 15.4% in the 1st quarter. IFP Advisors Inc now owns 353 shares of the business services provider’s stock worth $105,000 after buying an additional 47 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Trading Up 1.5%

Verisk Analytics stock opened at $219.10 on Tuesday. 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 firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 2.75 and a beta of 0.84. The firm has a 50 day moving average of $236.85 and a 200 day moving average of $274.46.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $768.30 million during the quarter, compared to analysts’ expectations of $776.04 million. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VRSK shares. The Goldman Sachs Group lowered their target price on Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Wolfe Research began coverage on shares of Verisk Analytics in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price target for the company. Barclays raised shares of Verisk Analytics from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $310.00 to $275.00 in a report on Thursday, October 30th. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company decreased their price target on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Verisk Analytics has an average rating of “Hold” and an average target price of $282.14.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, Director Jeffrey J. Dailey purchased 500 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of $217.03 per share, with a total value of $108,515.00. Following the acquisition, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the sale, the insider directly owned 54,337 shares of the company’s stock, valued at approximately $14,399,305. This trade represents 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 three months, insiders have purchased 1,450 shares of company stock worth $314,663 and have sold 6,020 shares worth $1,585,385. Company insiders own 0.46% of the company’s stock.

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.