Verisk Analytics, Inc. $VRSK Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 82.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,145 shares of the business services provider’s stock after selling 5,243 shares during the quarter. DAVENPORT & Co LLC’s holdings in Verisk Analytics were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisbourg Investments Inc. acquired a new position in Verisk Analytics during the first quarter worth about $25,000. Wayfinding Financial LLC acquired a new position in Verisk Analytics in the 1st quarter valued at about $48,000. Ameritas Advisory Services LLC acquired a new position in Verisk Analytics in the 2nd quarter valued at about $48,000. GW&K Investment Management LLC boosted its holdings in Verisk Analytics by 186.7% in the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 112 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Verisk Analytics in the 1st quarter valued at about $52,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Price Performance

Shares of VRSK opened at $243.06 on Monday. Verisk Analytics, Inc. has a fifty-two week low of $239.83 and a fifty-two week high of $322.92. The firm’s 50 day moving average price is $258.97 and its 200 day moving average price is $286.52. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. The company has a market cap of $33.96 billion, a P/E ratio of 37.45, a PEG ratio of 3.44 and a beta of 0.85.

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

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. Verisk Analytics’s dividend payout ratio (DPR) is presently 27.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VRSK. Morgan Stanley boosted their target price on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Verisk Analytics in a report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. 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 note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $311.00.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the firm’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the sale, the chief financial officer owned 15,165 shares of the company’s stock, valued at $3,862,828.80. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,520 shares of company stock valued at $2,273,891. Company insiders own 0.46% of the company’s stock.

About Verisk Analytics

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.