Inspire Investing LLC Buys 70 Shares of Verisk Analytics, Inc. $VRSK

by · The Cerbat Gem

Inspire Investing LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 0.5% during the first quarter, HoldingsChannel reports. The firm owned 13,428 shares of the business services provider’s stock after acquiring an additional 70 shares during the quarter. Inspire Investing LLC’s holdings in Verisk Analytics were worth $3,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRSK. Nuveen LLC bought a new stake in Verisk Analytics in the 1st quarter valued at $508,611,000. Ameriprise Financial Inc. raised its stake in Verisk Analytics by 631.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock valued at $422,676,000 after acquiring an additional 1,221,798 shares during the period. GAMMA Investing LLC raised its stake in Verisk Analytics by 36,332.8% in the 1st quarter. GAMMA Investing LLC now owns 1,204,468 shares of the business services provider’s stock valued at $358,474,000 after acquiring an additional 1,201,162 shares during the period. Invesco Ltd. raised its stake in Verisk Analytics by 36.0% in the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after acquiring an additional 596,225 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Verisk Analytics by 35.6% in the 1st 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 acquiring an additional 434,053 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other news, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total transaction of $98,080.36. Following the completion of the transaction, the insider directly owned 9,319 shares in the company, valued at $2,803,714.34. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total value of $1,436,300.00. Following the transaction, the insider owned 54,337 shares of the company’s stock, valued at $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,965 shares of company stock worth $3,925,916 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the company an “outperform” rating in a research note on Monday, August 4th. Morgan Stanley increased their price target on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wolfe Research began coverage on Verisk Analytics in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price objective on the stock. Finally, UBS Group decreased their price objective on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $306.91.

Read Our Latest Analysis on VRSK

Verisk Analytics Stock Performance

VRSK opened at $266.24 on Friday. The firm has a market cap of $37.20 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 3.73 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $259.01 and a 52-week high of $322.92. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The business’s fifty day moving average is $279.84 and its 200-day moving average is $293.15.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics’s dividend payout ratio is 27.73%.

About Verisk Analytics

(Free Report)

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.

See Also

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