Invesco Ltd. Sells 101,398 Shares of Verisk Analytics, Inc. $VRSK

Invesco Ltd. decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,149,653 shares of the business services provider’s stock after selling 101,398 shares during the period. Invesco Ltd.’s holdings in Verisk Analytics were worth $669,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Verisk Analytics by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,894,802 shares of the business services provider’s stock valued at $5,262,731,000 after buying an additional 161,213 shares during the last quarter. Alliancebernstein L.P. boosted its position in 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 worth $1,558,067,000 after acquiring an additional 25,010 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Verisk Analytics by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,011,295 shares of the business services provider’s stock worth $1,249,900,000 after acquiring an additional 33,213 shares in the last quarter. Norges Bank bought a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $556,192,000. Finally, Nuveen LLC acquired a new stake in shares of Verisk Analytics in the first quarter valued at approximately $508,611,000. 90.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was 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 document filed with the SEC, which is available through this hyperlink. Also, Director Gregory Hendrick acquired 500 shares of Verisk Analytics stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $216.14 per share, with a total value of $108,070.00. Following the completion of the transaction, the director owned 2,536 shares of the company’s stock, valued at approximately $548,131.04. This trade represents a 24.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 1,450 shares of company stock worth $314,663 and have sold 2,000 shares worth $452,871. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Evercore ISI lowered their target price 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. Argus cut Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Wolfe Research started coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target for the company. One 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 given a Sell rating to the stock. Based on data from MarketBeat, Verisk Analytics presently has an average rating of “Hold” and a consensus price target of $282.14.

Verisk Analytics Stock Down 0.2%

Shares of VRSK stock opened at $224.48 on Thursday. Verisk Analytics, Inc. has a 52-week low of $196.99 and a 52-week high of $322.92. The stock has a market cap of $31.29 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 3.52 and a beta of 0.81. The firm’s 50-day moving average is $229.79 and its 200-day moving average is $267.97. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.19 and a current ratio of 1.19.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly 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 firm had revenue of $768.30 million for the quarter, compared to the consensus estimate of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. 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 year.

Verisk Analytics Dividend Announcement

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 issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Verisk Analytics’s payout ratio is presently 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.