Sumitomo Mitsui Trust Group Inc. Buys 4,536 Shares of Verisk Analytics, Inc. $VRSK

Sumitomo Mitsui Trust Group Inc. increased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.4% during the second quarter, HoldingsChannel.com reports. The firm owned 338,608 shares of the business services provider’s stock after acquiring an additional 4,536 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Verisk Analytics were worth $105,476,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC lifted its stake in shares of 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 buying an additional 58,954 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in Verisk Analytics in the 2nd quarter worth approximately $3,860,000. Dakota Wealth Management lifted its position in Verisk Analytics by 24.0% in the 2nd quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock valued at $6,774,000 after acquiring an additional 4,206 shares in the last quarter. Swedbank AB boosted its stake in Verisk Analytics by 1.8% during the 1st quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock valued at $32,379,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Verisk Analytics in the 1st quarter worth $202,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Rothschild Redb cut shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Seaport Res Ptn raised shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI decreased 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 report on Tuesday, October 14th. Finally, Rothschild & Co Redburn restated a “sell” rating and set a $220.00 price objective (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $299.33.

Insider Activity

In other news, 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 value of $1,436,300.00. Following the completion of the sale, 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 at this hyperlink. Also, Director Christopher John Perry purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the purchase, the director directly owned 1,773 shares in the company, valued at $460,625.40. This represents a 129.37% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 8,520 shares of company stock valued at $2,255,396. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Performance

VRSK opened at $234.94 on Friday. Verisk Analytics, Inc. has a 12-month low of $228.09 and a 12-month high of $322.92. The company’s 50 day moving average is $253.29 and its 200 day moving average is $282.85. 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 company has a market cap of $32.82 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 3.09 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The firm had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same period in the prior year, the business posted $1.74 EPS. Verisk Analytics’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 EPS for the current year.

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.