Verisk Analytics, Inc. $VRSK Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC trimmed its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,616 shares of the business services provider’s stock after selling 384 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Verisk Analytics were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VRSK. GAMMA Investing LLC raised its position in Verisk Analytics by 22.4% during the first quarter. GAMMA Investing LLC now owns 4,047 shares of the business services provider’s stock valued at $1,204,000 after acquiring an additional 741 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Verisk Analytics by 8.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,001 shares of the business services provider’s stock valued at $1,786,000 after buying an additional 477 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Verisk Analytics in the first quarter worth about $202,000. Spire Wealth Management raised its position in shares of Verisk Analytics by 71.2% in the first quarter. Spire Wealth Management now owns 2,302 shares of the business services provider’s stock worth $685,000 after acquiring an additional 957 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Verisk Analytics in the first quarter worth about $200,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings lowered Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Morgan Stanley lifted their price target on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the company an “outperform” rating in a research report on Monday, August 4th. Wells Fargo & Company reduced their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, Evercore ISI reduced 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 research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $299.33.

Verisk Analytics Trading Up 0.1%

VRSK stock opened at $234.94 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a 12-month low of $228.09 and a 12-month high of $322.92. The stock 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. The business’s 50-day moving average is $253.29 and its 200 day moving average is $282.85.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million for the quarter, compared to analysts’ expectations of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher John Perry purchased 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $259.80 per share, with a total value of $259,800.00. Following the transaction, the director owned 1,773 shares in the company, valued at $460,625.40. This represents a 129.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,520 shares of company stock valued at $2,255,396. 0.46% of the stock is currently owned by company insiders.

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.