Truist Financial Corp Sells 3,040 Shares of Verisk Analytics, Inc. $VRSK

Truist Financial Corp lowered its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,892 shares of the business services provider’s stock after selling 3,040 shares during the period. Truist Financial Corp’s holdings in Verisk Analytics were worth $11,794,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VRSK. Vanguard Group Inc. raised its position in shares of 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 worth $5,262,731,000 after acquiring an additional 161,213 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Verisk Analytics by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,011,295 shares of the business services provider’s stock valued at $1,249,900,000 after purchasing an additional 33,213 shares during the last quarter. Norges Bank purchased a new position in shares of Verisk Analytics in the second quarter worth $556,192,000. Parnassus Investments LLC lifted its position in Verisk Analytics by 31.8% during the 3rd quarter. Parnassus Investments LLC now owns 1,492,715 shares of the business services provider’s stock worth $375,433,000 after acquiring an additional 360,419 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Verisk Analytics by 4.6% during the second quarter. Franklin Resources Inc. now owns 1,333,337 shares of the business services provider’s stock worth $415,334,000 after purchasing an additional 58,772 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $219.54, for a total transaction of $65,862.00. Following the completion of the sale, the chief financial officer directly owned 14,265 shares in the company, valued at approximately $3,131,738.10. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.99, for a total transaction of $238,689.00. Following the transaction, the chief executive officer directly owned 77,807 shares in the company, valued at $16,883,340.93. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,700 shares of company stock worth $369,648. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRSK. JPMorgan Chase & Co. decreased their target price on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verisk Analytics in a research note on Monday, December 29th. Barclays raised shares of Verisk Analytics from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $310.00 to $275.00 in a research note on Thursday, October 30th. Rothschild Redb lowered shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group cut their price objective on Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $278.64.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $217.46 on Friday. Verisk Analytics, Inc. has a one year low of $196.99 and a one year high of $322.92. The stock has a market cap of $30.31 billion, a PE ratio of 33.15, a P/E/G ratio of 3.08 and a beta of 0.81. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $220.50 and a 200 day moving average price of $241.45.

Verisk Analytics (NASDAQ:VRSK) 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 company had revenue of $768.30 million for the quarter, compared to analyst estimates of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

About Verisk Analytics

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.