Verisk Analytics, Inc. $VRSK Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,681 shares of the business services provider’s stock after selling 125 shares during the quarter. Griffin Asset Management Inc.’s holdings in Verisk Analytics were worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of VRSK. Louisbourg Investments Inc. acquired a new stake in shares of Verisk Analytics in the first quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new position in Verisk Analytics during the 2nd quarter worth $41,000. Wayfinding Financial LLC acquired a new position in Verisk Analytics during the 1st quarter worth $48,000. Ameritas Advisory Services LLC acquired a new position in Verisk Analytics during the 2nd quarter worth $48,000. Finally, GW&K Investment Management LLC grew its stake in Verisk Analytics by 186.7% during the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider’s stock worth $51,000 after purchasing an additional 112 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Verisk Analytics

In other news, insider Nicholas Daffan sold 5,420 shares of the business’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 completion of the sale, the insider directly owned 54,337 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total value of $76,416.00. Following the completion of the sale, the chief financial officer directly owned 15,165 shares of the company’s stock, valued at $3,862,828.80. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,520 shares of company stock valued at $2,273,891 over the last quarter. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Up 0.7%

Shares of NASDAQ VRSK opened at $243.06 on Monday. The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50-day moving average of $258.97 and a two-hundred day moving average of $286.52. Verisk Analytics, Inc. has a 1 year low of $239.83 and a 1 year high of $322.92.

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

Verisk Analytics Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VRSK shares. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the stock an “outperform” rating in a research note on Monday, August 4th. UBS Group lowered their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company lowered their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Seaport Res Ptn raised Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Wolfe Research started coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $311.00.

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.