New York Life Investment Management LLC Has $6.54 Million Position in Verisk Analytics, Inc. $VRSK

New York Life Investment Management LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,982 shares of the business services provider’s stock after purchasing an additional 56 shares during the quarter. New York Life Investment Management LLC’s holdings in Verisk Analytics were worth $6,536,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in VRSK. Cambridge Investment Research Advisors Inc. increased its position in Verisk Analytics by 8.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,001 shares of the business services provider’s stock worth $1,786,000 after buying an additional 477 shares during the period. Oppenheimer & Co. Inc. bought a new position in Verisk Analytics in the 1st quarter worth approximately $202,000. Sequoia Financial Advisors LLC increased its position in Verisk Analytics by 15.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,639 shares of the business services provider’s stock worth $785,000 after buying an additional 359 shares during the period. KBC Group NV increased its position in Verisk Analytics by 1.8% in the 1st quarter. KBC Group NV now owns 43,544 shares of the business services provider’s stock worth $12,960,000 after buying an additional 770 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in Verisk Analytics by 6.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,837 shares of the business services provider’s stock worth $1,440,000 after buying an additional 288 shares during the period. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Performance

VRSK opened at $208.00 on Thursday. The stock has a market cap of $29.06 billion, a PE ratio of 32.05, a P/E/G ratio of 3.05 and a beta of 0.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a 1 year low of $196.99 and a 1 year high of $322.92. The stock’s 50 day simple moving average is $250.61 and its 200-day simple moving average is $281.45.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.69 by $0.03. The business 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 460.89% and a net margin of 30.67%.Verisk Analytics’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The business 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. Verisk Analytics’s payout ratio is currently 27.73%.

Analysts Set New Price Targets

Several brokerages have commented on VRSK. Evercore ISI dropped their price target on Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings downgraded Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. UBS Group lowered their price objective 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. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Rothschild Redb cut Verisk Analytics from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $299.33.

Insider Buying and Selling

In related news, CEO Lee Shavel sold 1,100 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $268.01, for a total value of $294,811.00. Following the sale, the chief executive officer owned 78,907 shares of the company’s stock, valued at $21,147,865.07. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher John Perry purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the purchase, the director owned 1,773 shares in the company, valued at $460,625.40. This represents a 129.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 8,520 shares of company stock worth $2,255,396 in the last quarter. Corporate insiders own 0.46% of the company’s stock.

Verisk Analytics 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.