Keybank National Association OH Grows Stake in Verisk Analytics, Inc. $VRSK

Keybank National Association OH increased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,126 shares of the business services provider’s stock after purchasing an additional 258 shares during the quarter. Keybank National Association OH’s holdings in Verisk Analytics were worth $2,843,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after buying an additional 239,483 shares in the last quarter. Alliancebernstein L.P. grew its holdings 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 valued at $1,558,067,000 after buying an additional 25,010 shares in the last quarter. Invesco Ltd. grew its holdings in Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after buying an additional 596,225 shares in the last quarter. Nuveen LLC purchased a new position in Verisk Analytics during the 1st quarter valued at approximately $508,611,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Verisk Analytics by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock valued at $507,219,000 after buying an additional 283,238 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total transaction of $72,669.00. Following the completion of the sale, the chief financial officer directly owned 14,865 shares of the company’s stock, valued at approximately $3,600,748.95. This trade represents a 1.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total value of $1,436,300.00. Following the sale, the insider directly owned 54,337 shares of the company’s stock, valued at $14,399,305. This represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,520 shares of company stock valued at $2,255,396 over the last quarter. 0.46% of the stock is currently owned by insiders.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $218.76 on Friday. The firm has a 50-day moving average price of $248.48 and a 200-day moving average price of $280.38. The firm has a market capitalization of $30.56 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. The company has a current ratio of 1.19, a quick ratio of 1.53 and a debt-to-equity ratio of 8.55. Verisk Analytics, Inc. has a 12-month low of $196.99 and a 12-month high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The firm had revenue of $768.30 million during the quarter, compared to analyst estimates of $776.04 million. During the same quarter last year, the business earned $1.67 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 15th. Verisk Analytics’s dividend payout ratio (DPR) is currently 27.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings cut Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI cut their price target on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price objective on Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, UBS Group cut their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $282.14.

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.