Log Out

Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Allworth Financial LP

Defense World · Sep 26, 2022 05:32

Allworth Financial LP decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,234 shares of the business services provider's stock after selling 70 shares during the period. Allworth Financial LP's holdings in Verisk Analytics were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parnassus Investments LLC lifted its holdings in shares of Verisk Analytics by 316.4% in the first quarter. Parnassus Investments LLC now owns 4,821,749 shares of the business services provider's stock valued at $1,034,892,000 after purchasing an additional 3,663,826 shares in the last quarter. Norges Bank purchased a new stake in shares of Verisk Analytics in the fourth quarter valued at about $305,487,000. BlackRock Inc. lifted its stake in shares of Verisk Analytics by 3.9% during the first quarter. BlackRock Inc. now owns 12,140,927 shares of the business services provider's stock valued at $2,605,808,000 after buying an additional 456,834 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Verisk Analytics by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 2,614,266 shares of the business services provider's stock valued at $561,101,000 after buying an additional 451,307 shares during the period. Finally, TOMS Capital Investment Management LP purchased a new position in shares of Verisk Analytics during the fourth quarter valued at approximately $100,938,000. Institutional investors and hedge funds own 91.19% of the company's stock.

Get Verisk Analytics alerts:

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $186.00 to $200.00 and gave the company a "market perform" rating in a research note on Thursday, August 4th. StockNews.com downgraded shares of Verisk Analytics from a "buy" rating to a "hold" rating in a research note on Thursday, August 11th. Royal Bank of Canada reduced their price objective on shares of Verisk Analytics from $227.00 to $210.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 29th. Robert W. Baird upped their price target on shares of Verisk Analytics from $215.00 to $220.00 in a research report on Thursday, August 4th. Finally, Barclays dropped their price target on shares of Verisk Analytics from $220.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Verisk Analytics has an average rating of "Moderate Buy" and a consensus target price of $216.18.

Insider Buying and Selling

In other Verisk Analytics news, Director David B. Wright sold 2,071 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $204.78, for a total transaction of $424,099.38. Following the sale, the director now directly owns 14,909 shares of the company's stock, valued at $3,053,065.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verisk Analytics news, Director David B. Wright sold 2,071 shares of Verisk Analytics stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $204.78, for a total value of $424,099.38. Following the completion of the transaction, the director now directly owns 14,909 shares in the company, valued at $3,053,065.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Therese M. Vaughan sold 629 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $199.22, for a total value of $125,309.38. Following the transaction, the director now directly owns 11,064 shares of the company's stock, valued at $2,204,170.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,648 shares of company stock worth $933,186. Insiders own 1.78% of the company's stock.

Verisk Analytics Stock Up 0.1 %

Shares of NASDAQ:VRSK opened at $175.20 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $190.36 and a 200 day simple moving average of $189.10. The firm has a market cap of $27.50 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Verisk Analytics, Inc. has a 12-month low of $156.05 and a 12-month high of $231.57.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.12. Verisk Analytics had a net margin of 34.37% and a return on equity of 35.21%. During the same period last year, the firm earned $1.17 earnings per share. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 5.78 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. Verisk Analytics's dividend payout ratio (DPR) is presently 19.14%.

About Verisk Analytics

(Get Rating)

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.