Drive Wealth Management LLC Increases Stake in Verisk Analytics, Inc. $VRSK

Drive Wealth Management LLC boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 758 shares of the business services provider’s stock after buying an additional 44 shares during the period. Drive Wealth Management LLC’s holdings in Verisk Analytics were worth $236,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VRSK. Trust Co. of Toledo NA OH purchased a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $41,000. Ameritas Advisory Services LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $48,000. Wayfinding Financial LLC bought a new stake in shares of Verisk Analytics during the first quarter valued at approximately $48,000. GW&K Investment Management LLC grew its stake in Verisk Analytics by 186.7% in the first 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 during the period. Finally, Zions Bancorporation National Association UT bought a new position in Verisk Analytics in the first quarter worth $52,000. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $235.29 on Tuesday. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 3.06 and a beta of 0.85. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. Verisk Analytics, Inc. has a one year low of $228.09 and a one year high of $322.92. The company’s 50-day moving average is $255.60 and its 200 day moving average is $284.04.

Verisk Analytics (NASDAQ:VRSK) last issued 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 business had revenue of $772.60 million during the quarter, compared to analysts’ expectations of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Verisk Analytics’s dividend payout ratio is 27.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VRSK shares. Evercore ISI reduced their target price on shares of Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Morgan Stanley boosted their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Raymond James Financial set a $315.00 target price 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 target on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Verisk Analytics has an average rating of “Hold” and an average price target of $299.33.

Insiders Place Their Bets

In other news, insider Nicholas Daffan sold 5,420 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was 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 $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the sale, the chief executive officer directly owned 78,907 shares in the company, valued at $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,520 shares of company stock valued at $2,255,396. 0.46% of the stock is currently owned by company insiders.

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.