1,785,528 Shares in Verisk Analytics, Inc. $VRSK Bought by Norges Bank

Norges Bank purchased a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,785,528 shares of the business services provider’s stock, valued at approximately $556,192,000. Norges Bank owned approximately 1.28% of Verisk Analytics at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VRSK. Scotia Capital Inc. increased its position in shares of Verisk Analytics by 10.0% during the second quarter. Scotia Capital Inc. now owns 34,873 shares of the business services provider’s stock worth $10,863,000 after acquiring an additional 3,171 shares in the last quarter. Capital Fund Management S.A. lifted its position in Verisk Analytics by 131.1% in the 2nd quarter. Capital Fund Management S.A. now owns 74,382 shares of the business services provider’s stock valued at $23,170,000 after acquiring an additional 42,195 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Verisk Analytics by 60.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,922 shares of the business services provider’s stock valued at $1,533,000 after purchasing an additional 1,863 shares during the last quarter. Groupama Asset Managment boosted its stake in Verisk Analytics by 201.4% during the 2nd quarter. Groupama Asset Managment now owns 4,277 shares of the business services provider’s stock valued at $1,320,000 after purchasing an additional 2,858 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Verisk Analytics by 1.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 136,964 shares of the business services provider’s stock worth $42,664,000 after purchasing an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Stock Up 0.5%

Shares of NASDAQ:VRSK opened at $225.07 on Friday. Verisk Analytics, Inc. has a 1 year low of $196.99 and a 1 year high of $322.92. The company has a market capitalization of $31.37 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. The business has a fifty day moving average price of $230.91 and a two-hundred day moving average price of $269.68. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.53.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.72 EPS 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 analysts’ expectations 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 for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given 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 is currently 27.44%.

Analyst Ratings Changes

VRSK has been the topic of a number of recent research reports. Rothschild Redb lowered Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Argus lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Friday, November 14th. Royal Bank Of Canada cut their price objective on shares of Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Rothschild & Co Redburn reissued a “sell” rating and set a $220.00 price target (down from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $282.14.

Insider Activity at Verisk Analytics

In related news, Director Jeffrey J. Dailey purchased 500 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $217.03 per share, with a total value of $108,515.00. Following the acquisition, the director owned 3,962 shares of the company’s stock, valued at $859,872.86. This trade represents a 14.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory Hendrick acquired 500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $216.14 per share, for a total transaction of $108,070.00. Following the purchase, the director owned 2,536 shares of the company’s stock, valued at $548,131.04. The trade was a 24.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 1,450 shares of company stock worth $314,663 and have sold 7,420 shares worth $1,889,171. 0.46% of the stock is currently owned by company insiders.

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.