Strait & Sound Wealth Management LLC Decreases Position in Verisk Analytics, Inc. $VRSK

Strait & Sound Wealth Management LLC cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,616 shares of the business services provider’s stock after selling 384 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Verisk Analytics were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Verisk Analytics in the second quarter worth approximately $41,000. Wayfinding Financial LLC purchased a new stake in shares of Verisk Analytics in the first quarter worth approximately $48,000. Ameritas Advisory Services LLC purchased a new stake in shares of Verisk Analytics in the second quarter worth approximately $48,000. GW&K Investment Management LLC raised its holdings in shares of 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 buying an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Verisk Analytics in the first quarter worth approximately $52,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Verisk Analytics Stock Up 0.1%

Shares of NASDAQ VRSK opened at $234.94 on Friday. 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 stock has a market capitalization of $32.82 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 3.09 and a beta of 0.85. The stock’s fifty day simple moving average is $253.29 and its two-hundred day simple moving average is $282.85. Verisk Analytics, Inc. has a 12-month low of $228.09 and a 12-month high of $322.92.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VRSK shares. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings downgraded Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wells Fargo & Company reduced their price objective on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Rothschild & Co Redburn restated a “sell” rating and set a $220.00 price objective (down from $280.00) on shares of Verisk Analytics in a report on Thursday, October 16th. Finally, UBS Group reduced their price objective on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $299.33.

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.