Resonant Capital Advisors LLC Buys 136 Shares of Verisk Analytics, Inc. $VRSK

Resonant Capital Advisors LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,095 shares of the business services provider’s stock after buying an additional 136 shares during the period. Resonant Capital Advisors LLC’s holdings in Verisk Analytics were worth $341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC lifted its holdings in Verisk Analytics by 5.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 16,268 shares of the business services provider’s stock worth $5,067,000 after buying an additional 822 shares in the last quarter. Whipplewood Advisors LLC raised its position in shares of Verisk Analytics by 185.5% during the second quarter. Whipplewood Advisors LLC now owns 177 shares of the business services provider’s stock worth $55,000 after acquiring an additional 115 shares during the last quarter. Stegent Equity Advisors Inc. lifted its stake in shares of Verisk Analytics by 27.2% during the second quarter. Stegent Equity Advisors Inc. now owns 6,258 shares of the business services provider’s stock valued at $1,949,000 after acquiring an additional 1,337 shares during the period. Northstar Asset Management Inc. boosted its holdings in Verisk Analytics by 156.1% in the second quarter. Northstar Asset Management Inc. now owns 19,763 shares of the business services provider’s stock valued at $6,156,000 after acquiring an additional 12,046 shares during the last quarter. Finally, Sage Mountain Advisors LLC bought a new position in Verisk Analytics in the second quarter valued at about $225,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,100 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total transaction of $294,811.00. Following the completion of the transaction, the chief executive officer owned 78,907 shares in the company, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction dated 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 owned 54,337 shares in the company, valued at approximately $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. Insiders sold a total of 8,520 shares of company stock valued at $2,255,396 in the last quarter. 0.46% of the stock is currently owned by company insiders.

Verisk Analytics Price Performance

Shares of VRSK opened at $233.68 on Tuesday. The stock has a 50 day simple moving average of $252.65 and a 200 day simple moving average of $282.41. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week 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 capitalization of $32.65 billion, a PE ratio of 36.01, a P/E/G ratio of 3.09 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The business’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. Sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Morgan Stanley increased their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Rothschild Redb lowered shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Weiss Ratings lowered Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $299.33.

Verisk Analytics Company 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.