Northstar Asset Management Inc. Increases Holdings in Verisk Analytics, Inc. $VRSK

Northstar Asset Management Inc. boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 156.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,763 shares of the business services provider’s stock after buying an additional 12,046 shares during the quarter. Verisk Analytics makes up about 1.7% of Northstar Asset Management Inc.’s holdings, making the stock its 27th biggest position. Northstar Asset Management Inc.’s holdings in Verisk Analytics were worth $6,156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sage Mountain Advisors LLC acquired a new position in Verisk Analytics in the 2nd quarter valued at $225,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Verisk Analytics by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 338,608 shares of the business services provider’s stock worth $105,476,000 after buying an additional 4,536 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Verisk Analytics during the 2nd quarter worth $257,000. Asset Management One Co. Ltd. raised its position in Verisk Analytics by 1.8% in the second quarter. Asset Management One Co. Ltd. now owns 102,859 shares of the business services provider’s stock valued at $32,041,000 after purchasing an additional 1,862 shares during the period. Finally, Lazard Freres Gestion S.A.S. purchased a new position in Verisk Analytics in the second quarter valued at about $1,557,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VRSK. UBS Group lowered 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. Weiss Ratings downgraded Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Rothschild & Co Redburn reiterated a “sell” rating and issued a $220.00 price target (down from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Wells Fargo & Company decreased 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. Finally, Evercore ISI decreased their target price on Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $299.33.

Insider Activity

In other news, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider directly owned 54,337 shares in the company, valued at $14,399,305. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lee Shavel sold 1,100 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares in the company, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,520 shares of company stock valued at $2,255,396 in the last 90 days. Company insiders own 0.46% of the company’s stock.

Verisk Analytics Price Performance

NASDAQ VRSK opened at $234.94 on Friday. The stock has a market capitalization of $32.82 billion, a P/E ratio of 36.20, a P/E/G ratio of 3.09 and a beta of 0.85. Verisk Analytics, Inc. has a 1 year low of $228.09 and a 1 year high of $322.92. The business’s fifty day moving average is $253.29 and its two-hundred day moving average is $282.81. 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 announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The company had revenue of $772.60 million for the quarter, compared to the consensus estimate of $767.91 million. During the same period in the previous year, the business earned $1.74 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

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.