Northstar Asset Management Inc. boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 40.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,805 shares of the business services provider’s stock after acquiring an additional 8,042 shares during the quarter. Verisk Analytics accounts for 1.8% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Northstar Asset Management Inc.’s holdings in Verisk Analytics were worth $6,993,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. AlphaCore Capital LLC acquired a new position in Verisk Analytics during the second quarter valued at approximately $27,000. Osterweis Capital Management Inc. purchased a new position in shares of Verisk Analytics in the 2nd quarter valued at $28,000. Spurstone Advisory Services LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter valued at $29,000. NewSquare Capital LLC boosted its position in Verisk Analytics by 69.0% during the 2nd quarter. NewSquare Capital LLC now owns 98 shares of the business services provider’s stock worth $31,000 after purchasing an additional 40 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Verisk Analytics by 62.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Insider Activity at Verisk Analytics
In related news, CEO Lee Shavel sold 1,100 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.99, for a total value of $238,689.00. Following the completion of the transaction, the chief executive officer owned 77,807 shares in the company, valued at $16,883,340.93. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Dailey purchased 500 shares of Verisk Analytics stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $217.03 per share, with a total value of $108,515.00. Following the completion of the purchase, the director owned 3,962 shares in the company, valued at approximately $859,872.86. This trade represents a 14.44% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 1,450 shares of company stock worth $314,663 and have sold 1,700 shares worth $369,648. Insiders own 0.46% of the company’s stock.
Verisk Analytics Stock Performance
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 last year, the company earned $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on VRSK shares. Evercore ISI reduced their price target 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. Wells Fargo & Company dropped their price objective on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Royal Bank Of Canada dropped their price target on shares of Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Morgan Stanley lowered their target price on Verisk Analytics from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and an average price target of $278.64.
View Our Latest Stock Analysis on Verisk Analytics
Verisk Analytics Company Profile
Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.
Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.
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