JPMorgan Chase & Co. Purchases 35,873 Shares of Verisk Analytics, Inc. $VRSK

JPMorgan Chase & Co. boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,176,878 shares of the business services provider’s stock after acquiring an additional 35,873 shares during the quarter. JPMorgan Chase & Co. owned 0.84% of Verisk Analytics worth $366,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Verisk Analytics by 0.4% during the 2nd quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider’s stock worth $2,809,000 after buying an additional 35 shares in the last quarter. NBT Bank N A NY grew its position in Verisk Analytics by 11.4% in the second quarter. NBT Bank N A NY now owns 341 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 35 shares during the last quarter. Tranquility Partners LLC grew its position in Verisk Analytics by 1.1% in the second quarter. Tranquility Partners LLC now owns 3,231 shares of the business services provider’s stock valued at $1,006,000 after acquiring an additional 35 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Verisk Analytics by 3.3% during the first quarter. Frank Rimerman Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $350,000 after acquiring an additional 38 shares in the last quarter. Finally, EWA LLC lifted its holdings in shares of Verisk Analytics by 3.6% in the second quarter. EWA LLC now owns 1,105 shares of the business services provider’s stock worth $344,000 after acquiring an additional 38 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.99, for a total transaction of $65,097.00. Following the completion of the sale, the chief financial officer owned 14,565 shares of the company’s stock, valued at $3,160,459.35. This trade represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory Hendrick bought 500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $216.14 per share, for a total transaction of $108,070.00. Following the transaction, the director directly owned 2,536 shares in the company, valued at $548,131.04. This trade represents a 24.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,450 shares of company stock valued at $314,663 and have sold 7,420 shares valued at $1,889,171. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada dropped their price target on Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Evercore ISI reduced their price objective on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Finally, Rothschild & Co Redburn reiterated a “sell” rating and issued a $220.00 target price (down from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $282.14.

Verisk Analytics Stock Down 1.5%

Shares of NASDAQ VRSK opened at $219.84 on Tuesday. The company’s 50 day moving average price is $232.80 and its 200-day moving average price is $271.71. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.53 and a current ratio of 1.19. Verisk Analytics, Inc. has a 52-week low of $196.99 and a 52-week high of $322.92. The company has a market capitalization of $30.64 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share 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 the consensus estimate of $776.04 million. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. Verisk Analytics’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last 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 earnings per share for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Verisk Analytics’s dividend payout ratio is presently 27.44%.

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.