Trust Co. of Toledo NA OH Invests $41,000 in Verisk Analytics, Inc. $VRSK

Trust Co. of Toledo NA OH acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 132 shares of the business services provider’s stock, valued at approximately $41,000.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Verisk Analytics by 225.2% during the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider’s stock worth $4,440,000 after buying an additional 10,331 shares during the period. Voya Investment Management LLC grew its holdings in Verisk Analytics by 24.1% in the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock worth $90,076,000 after purchasing an additional 58,954 shares during the period. Insight Wealth Strategies LLC acquired a new stake in Verisk Analytics in the second quarter worth $3,860,000. Dakota Wealth Management grew its holdings in Verisk Analytics by 24.0% in the second quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock worth $6,774,000 after purchasing an additional 4,206 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in Verisk Analytics in the first quarter worth $237,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Verisk Analytics in a report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target for the company. Morgan Stanley raised their price target on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $311.00.

Verisk Analytics Stock Down 0.4%

Verisk Analytics stock opened at $242.08 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. The firm’s fifty day moving average price is $258.45 and its two-hundred day moving average price is $286.16. Verisk Analytics, Inc. has a 1-year low of $239.78 and a 1-year high of $322.92. The firm has a market capitalization of $33.82 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share 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 analyst estimates of $767.91 million. During the same period last year, the firm earned $1.74 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend 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%.

Insider Activity

In related news, CEO Lee Shavel sold 1,100 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer directly owned 78,907 shares of the company’s stock, valued at $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total transaction of $76,416.00. Following the transaction, the chief financial officer directly owned 15,165 shares in the company, 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 8,220 shares of company stock valued at $2,182,727 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Verisk Analytics 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.