Summit Global Investments Invests $1.90 Million in Verisk Analytics, Inc. $VRSK

Summit Global Investments purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,092 shares of the business services provider's stock, valued at approximately $1,898,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. AlphaCore Capital LLC bought a new position in Verisk Analytics in the second quarter valued at approximately $27,000. Spurstone Advisory Services LLC acquired a new stake in Verisk Analytics in the second quarter valued at $29,000. NewSquare Capital LLC grew its position in shares of Verisk Analytics by 69.0% in the 2nd quarter. NewSquare Capital LLC now owns 98 shares of the business services provider's stock valued at $31,000 after buying an additional 40 shares during the last quarter. Hantz Financial Services Inc. increased its position in Verisk Analytics by 62.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider's stock valued at $34,000 after purchasing an additional 42 shares during the period. Finally, SouthState Corp lifted its position in shares of Verisk Analytics by 88.1% in the 2nd quarter. SouthState Corp now owns 111 shares of the business services provider's stock worth $35,000 after purchasing an additional 52 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on VRSK shares. Wolfe Research began coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective for the company. Royal Bank Of Canada reduced their target price on Verisk Analytics from $314.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, October 30th. Wells Fargo & Company dropped 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, October 30th. JPMorgan Chase & Co. dropped 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. Finally, Rothschild Redb lowered Verisk Analytics from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Verisk Analytics presently has an average rating of "Hold" and a consensus price target of $282.14.

Read Our Latest Stock Analysis on Verisk Analytics

Insider Buying and Selling at Verisk Analytics

In related news, Director Jeffrey J. Dailey acquired 500 shares of the firm's stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $217.03 per share, for a total transaction of $108,515.00. Following the acquisition, the director directly owned 3,962 shares of the company's stock, valued at $859,872.86. This represents a 14.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sabra R. Purtill purchased 450 shares of the company's stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $217.95 per share, for a total transaction of $98,077.50. Following the transaction, the director directly owned 1,327 shares in the company, valued at approximately $289,219.65. This represents a 51.31% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 1,450 shares of company stock valued at $314,663 and sold 7,420 shares valued at $1,889,171. 0.46% of the stock is owned by company insiders.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $219.84 on Tuesday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.53 and a current ratio of 1.19. Verisk Analytics, Inc. has a 52-week low of $196.99 and a 52-week high of $322.92. The firm has a market capitalization of $30.64 billion, a PE ratio of 33.51, a P/E/G ratio of 2.75 and a beta of 0.84. The stock has a 50-day simple moving average of $232.80 and a two-hundred day simple moving average of $271.71.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $768.30 million for the quarter, compared to the consensus estimate of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $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 EPS for the current year.

Verisk Analytics Announces Dividend

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

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.

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