Allianz Asset Management GmbH Sells 18,389 Shares of Verisk Analytics, Inc. $VRSK

Allianz Asset Management GmbH cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 55.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,693 shares of the business services provider’s stock after selling 18,389 shares during the period. Allianz Asset Management GmbH’s holdings in Verisk Analytics were worth $4,577,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in shares of Verisk Analytics by 24.1% during the 1st 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 purchased a new position in shares of Verisk Analytics during the 2nd quarter worth about $3,860,000. Dakota Wealth Management boosted its stake in shares of Verisk Analytics by 24.0% during the 2nd 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. Swedbank AB boosted its stake in shares of Verisk Analytics by 1.8% during the 1st quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock worth $32,379,000 after purchasing an additional 1,903 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Verisk Analytics during the 1st quarter worth about $202,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Trading Down 1.1%

NASDAQ:VRSK opened at $234.79 on Friday. Verisk Analytics, Inc. has a one year low of $228.09 and a one year high of $322.92. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $32.80 billion, a P/E ratio of 36.18, a P/E/G ratio of 3.12 and a beta of 0.85. The firm has a 50-day simple moving average of $253.94 and a 200-day simple moving average of $283.10.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The business had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the previous year, the business 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. Equities analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on VRSK. UBS Group dropped their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Rothschild & Co Redburn reissued a “sell” rating and issued a $220.00 price objective (down from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Rothschild Redb cut shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Verisk Analytics in a research report on Wednesday, October 8th. Finally, Evercore ISI lowered their price objective on shares of Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Verisk Analytics presently has a consensus rating of “Hold” and a consensus target price of $299.33.

Insider Buying and Selling at Verisk Analytics

In other news, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the purchase, the director directly owned 1,773 shares in the company, valued at $460,625.40. The trade was a 129.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer owned 14,865 shares of the company’s stock, valued at approximately $3,600,748.95. This trade represents a 1.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,520 shares of company stock worth $2,255,396. 0.46% of the stock is owned by company insiders.

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.