WASHINGTON TRUST Co Sells 1,494 Shares of Verisk Analytics, Inc. $VRSK

WASHINGTON TRUST Co trimmed its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,508 shares of the business services provider’s stock after selling 1,494 shares during the quarter. WASHINGTON TRUST Co’s holdings in Verisk Analytics were worth $22,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Nuveen LLC bought a new stake in Verisk Analytics in the first quarter worth $508,611,000. Ameriprise Financial Inc. grew its position in Verisk Analytics by 631.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock worth $422,676,000 after purchasing an additional 1,221,798 shares during the period. Invesco Ltd. raised its position in shares of Verisk Analytics by 36.0% in the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after acquiring an additional 596,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Verisk Analytics by 35.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock valued at $492,182,000 after purchasing an additional 434,053 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Verisk Analytics by 52.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock worth $339,586,000 after purchasing an additional 393,668 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRSK has been the subject of several recent analyst reports. UBS Group decreased their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wolfe Research began coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 target price for the company. Royal Bank Of Canada decreased their target price on Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Rothschild Redb lowered Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Morgan Stanley upped their target price on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $282.14.

Insider Activity at Verisk Analytics

In other news, 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 transaction, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the business’s 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 approximately $3,600,748.95. The trade was a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 1,450 shares of company stock valued at $314,663 and have sold 8,520 shares valued at $2,255,396. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Price Performance

Shares of VRSK stock traded up $1.43 during trading hours on Thursday, hitting $214.34. The stock had a trading volume of 50,667 shares, compared to its average volume of 1,024,984. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.75 and a beta of 0.84. The stock’s 50-day moving average price is $240.06 and its two-hundred day moving average price is $276.17. Verisk Analytics, Inc. has a one year low of $196.99 and a one year high of $322.92. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.53.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $768.30 million during the quarter, compared to analyst estimates of $776.04 million. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Verisk Analytics’s dividend payout ratio (DPR) is currently 27.44%.

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.