OFI Invest Asset Management Decreases Position in Verisk Analytics, Inc. $VRSK

OFI Invest Asset Management lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 87.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348 shares of the business services provider’s stock after selling 2,440 shares during the period. OFI Invest Asset Management’s holdings in Verisk Analytics were worth $108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after purchasing an additional 239,483 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Verisk Analytics by 0.5% during the 1st quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider’s stock valued at $1,558,067,000 after purchasing an additional 25,010 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after purchasing an additional 596,225 shares during the last quarter. Nuveen LLC purchased a new position in Verisk Analytics in the 1st quarter worth $508,611,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Verisk Analytics by 19.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock worth $507,219,000 after acquiring an additional 283,238 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the sale, the chief financial officer directly owned 15,165 shares in the company, valued at $3,862,828.80. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the firm’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 sale, the insider owned 54,337 shares in the company, valued at $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 have sold 8,520 shares of company stock valued at $2,273,891 over the last quarter. Insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $243.06 on Monday. The stock has a 50-day simple moving average of $258.97 and a two-hundred day simple moving average of $286.52. The firm has a market capitalization of $33.96 billion, a P/E ratio of 37.45, a PEG ratio of 3.44 and a beta of 0.85. Verisk Analytics, Inc. has a fifty-two week low of $239.83 and a fifty-two 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.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data 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. The business had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Verisk Analytics’s dividend payout ratio (DPR) is presently 27.73%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VRSK. UBS Group reduced 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. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Morgan Stanley raised their target price on Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reduced their target price on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus target price of $311.00.

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.