Wells Fargo & Company Has Lowered Expectations for Verisk Analytics (NASDAQ:VRSK) Stock Price

Verisk Analytics (NASDAQ:VRSK) had its target price lowered by Wells Fargo & Company from $340.00 to $334.00 in a research note published on Wednesday morning, Marketbeat reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on VRSK. Morgan Stanley raised their price objective on shares of 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 shares of Verisk Analytics in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price objective on the stock. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $308.09.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $243.47 on Wednesday. The business’s 50-day simple moving average is $273.56 and its 200 day simple moving average is $291.30. The stock has a market cap of $34.02 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 3.48 and a beta of 0.86. Verisk Analytics has a 12-month low of $242.57 and a 12-month high of $322.92. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The business 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 firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, research analysts anticipate that Verisk Analytics will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The company 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis 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 presently 27.73%.

Insider Buying and Selling

In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total value of $98,080.36. Following the sale, the insider owned 9,319 shares in the company, valued at $2,803,714.34. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Daffan sold 5,420 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 54,337 shares in the company, valued at $14,399,305. This represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,265 shares of company stock worth $4,002,332 in the last 90 days. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Verisk Analytics

A number of large investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its position in shares of Verisk Analytics by 33.3% in the second quarter. Valeo Financial Advisors LLC now owns 952 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 238 shares during the period. Osaic Holdings Inc. raised its position in shares of Verisk Analytics by 50.6% in the second quarter. Osaic Holdings Inc. now owns 15,454 shares of the business services provider’s stock valued at $4,805,000 after purchasing an additional 5,194 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Verisk Analytics by 6.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,149 shares of the business services provider’s stock valued at $4,096,000 after acquiring an additional 781 shares during the period. Thrivent Financial for Lutherans raised its holdings in Verisk Analytics by 6.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 106,308 shares of the business services provider’s stock valued at $33,115,000 after acquiring an additional 6,097 shares during the period. Finally, Promus Capital LLC raised its holdings in Verisk Analytics by 23.9% in the 2nd quarter. Promus Capital LLC now owns 2,329 shares of the business services provider’s stock valued at $726,000 after acquiring an additional 450 shares during the period. Institutional investors own 90.00% 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.