Verisk Analytics, Inc. $VRSK Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 67.0% in the second quarter, HoldingsChannel reports. The fund owned 1,260 shares of the business services provider’s stock after selling 2,561 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Verisk Analytics were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its position in Verisk Analytics by 436.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 56,246 shares of the business services provider’s stock worth $17,520,000 after purchasing an additional 45,768 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Verisk Analytics by 21.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,194 shares of the business services provider’s stock worth $995,000 after purchasing an additional 555 shares in the last quarter. MGO One Seven LLC acquired a new stake in Verisk Analytics during the 2nd quarter worth approximately $520,000. Vanguard Personalized Indexing Management LLC increased its position in Verisk Analytics by 12.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,277 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in Verisk Analytics by 1.2% during the 2nd quarter. Oak Ridge Investments LLC now owns 41,578 shares of the business services provider’s stock worth $12,952,000 after purchasing an additional 482 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer directly owned 14,865 shares in the company, valued at $3,600,748.95. This represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas Daffan sold 5,420 shares of the 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 owned 54,337 shares in the company, valued at $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,520 shares of company stock valued at $2,255,396. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRSK. Wolfe Research began coverage on shares of Verisk Analytics in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 target price for the company. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Monday, August 4th. Rothschild & Co Redburn reissued a “sell” rating and set a $220.00 target price (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Rothschild Redb cut Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Evercore ISI decreased their price target on Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $299.33.

Verisk Analytics Stock Up 1.3%

NASDAQ VRSK opened at $235.29 on Tuesday. The stock has a market cap of $32.87 billion, a PE ratio of 36.25, a P/E/G ratio of 3.06 and a beta of 0.85. 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 business has a 50 day moving average price of $255.60 and a two-hundred day moving average price of $284.04. Verisk Analytics, Inc. has a fifty-two week low of $228.09 and a fifty-two week high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last issued 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 business had revenue of $772.60 million during the quarter, compared to analyst estimates 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 was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

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

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.