Verisk Analytics, Inc. $VRSK Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in Verisk Analytics by 27.6% in Q2. Other investors also adjusted positions. Verisk's earnings slightly exceeded estimates, and a quarterly dividend was announced. Analysts have mixed ratings, with some lowering price targets and others upgrading.

Mackenzie Financial Corp boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 27.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 806,170 shares of the business services provider's stock after buying an additional 174,577 shares during the period. Mackenzie Financial Corp owned approximately 0.58% of Verisk Analytics worth $251,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Verisk Analytics by 40.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 76,112 shares of the business services provider's stock valued at $23,715,000 after purchasing an additional 21,989 shares during the period. Silvant Capital Management LLC boosted its holdings in shares of Verisk Analytics by 18.2% during the second quarter. Silvant Capital Management LLC now owns 29,920 shares of the business services provider's stock worth $9,320,000 after purchasing an additional 4,597 shares during the period. Norges Bank purchased a new position in Verisk Analytics during the second quarter valued at approximately $556,192,000. Scotia Capital Inc. increased its stake in Verisk Analytics by 10.0% in the 2nd quarter. Scotia Capital Inc. now owns 34,873 shares of the business services provider's stock valued at $10,863,000 after buying an additional 3,171 shares during the period. Finally, 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 worth $23,170,000 after buying an additional 42,195 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

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Verisk Analytics Stock Performance

VRSK opened at $225.07 on Friday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.53 and a current ratio of 1.19. The company has a market cap 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 stock has a 50-day moving average of $230.91 and a 200-day moving average of $269.90. Verisk Analytics, Inc. has a 52-week low of $196.99 and a 52-week high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $768.30 million during the quarter, compared to analyst estimates of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. 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 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend 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%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRSK. Wells Fargo & Company lowered their price target on shares of Verisk Analytics from $334.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, October 30th. Evercore ISI lowered their target price on Verisk Analytics from $262.00 to $250.00 and set an "in-line" rating on the stock in a research note on Thursday, October 30th. Barclays raised Verisk Analytics from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $310.00 to $275.00 in a research report on Thursday, October 30th. Rothschild & Co Redburn reiterated a "sell" rating and set a $220.00 price target (down from $280.00) on shares of Verisk Analytics in a report on Thursday, October 16th. Finally, Wolfe Research started coverage on Verisk Analytics in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of "Hold" and a consensus target price of $282.14.

Read Our Latest Analysis on VRSK

Insiders Place Their Bets

In other Verisk Analytics news, Director Gregory Hendrick purchased 500 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $216.14 per share, with a total value of $108,070.00. Following the completion of the transaction, the director owned 2,536 shares in the company, valued at $548,131.04. This trade represents a 24.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Daffan sold 5,420 shares of the business's stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 1,450 shares of company stock worth $314,663 and sold 7,420 shares worth $1,889,171. 0.46% of the stock is owned by corporate insiders.

Verisk Analytics Company Profile

(Free Report)

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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