Invesco Ltd. Sells 101,398 Shares of Verisk Analytics, Inc. $VRSK

Invesco Ltd. reduced its stake in Verisk Analytics by 4.5% in Q2, selling 101,398 shares. Verisk's stock opened at $224.48, with a market cap of $31.29 billion. The company reported Q3 earnings of $1.72 per share, beating estimates. Verisk announced a quarterly dividend of $0.45, payable on December 31st. Insider activity included purchases by directors Sabra R. Purtill and Gregory Hendrick. Analysts have upgraded Verisk to a "strong-buy" rating.

Invesco Ltd. reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,149,653 shares of the business services provider's stock after selling 101,398 shares during the period. Invesco Ltd. owned about 1.54% of Verisk Analytics worth $669,617,000 at the end of the most recent quarter.

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Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in shares of Verisk Analytics in the 1st quarter worth approximately $60,000. Atria Wealth Solutions Inc. raised its position in Verisk Analytics by 18.2% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,821 shares of the business services provider's stock valued at $1,137,000 after purchasing an additional 588 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Verisk Analytics by 46.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 318 shares of the business services provider's stock worth $95,000 after purchasing an additional 101 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Verisk Analytics by 1.5% during the first quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after purchasing an additional 239,483 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of Verisk Analytics during the first quarter worth $8,238,000. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $224.48 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.55. The firm has a market capitalization of $31.29 billion, a P/E ratio of 34.22, a PEG ratio of 3.52 and a beta of 0.81. The business has a 50-day moving average of $229.79 and a 200-day moving average of $267.97. Verisk Analytics, Inc. has a 1 year low of $196.99 and a 1 year high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data 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. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The business had revenue of $768.30 million for the quarter, compared to analyst estimates of $776.04 million. During the same quarter last year, the firm earned $1.67 EPS. Verisk Analytics's quarterly revenue was up 5.9% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current 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 given a $0.45 dividend. The ex-dividend date 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%.

Insider Activity

In other Verisk Analytics news, Director Sabra R. Purtill acquired 450 shares of the business's stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $217.95 per share, for a total transaction of $98,077.50. Following the acquisition, the director directly owned 1,327 shares of the company's stock, valued at approximately $289,219.65. This trade represents a 51.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory Hendrick acquired 500 shares of the firm's stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $216.14 per share, with a total value of $108,070.00. Following the completion of the transaction, the director directly owned 2,536 shares in the company, valued at $548,131.04. This trade represents a 24.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 1,450 shares of company stock valued at $314,663 and sold 2,000 shares valued at $452,871. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

VRSK has been the topic of several research reports. Seaport Res Ptn upgraded shares of Verisk Analytics to a "strong-buy" rating in a research report on Wednesday, October 1st. Barclays upgraded shares of Verisk Analytics from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $310.00 to $275.00 in a research report on Thursday, October 30th. Rothschild Redb cut shares of Verisk Analytics from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Verisk Analytics in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Verisk Analytics from $315.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $282.14.

Check Out Our Latest Stock Report on VRSK

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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