AE Wealth Management LLC Boosts Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by Defense World Staff on Sep 22nd, 2023

AE Wealth Management LLC lifted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,603 shares of the business services provider’s stock after purchasing an additional 655 shares during the quarter. AE Wealth Management LLC’s holdings in Verisk Analytics were worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. UNIVEST FINANCIAL Corp grew its holdings in shares of Verisk Analytics by 4.6% in the first quarter. UNIVEST FINANCIAL Corp now owns 1,190 shares of the business services provider’s stock worth $228,000 after acquiring an additional 52 shares during the period. OLD National Bancorp IN grew its holdings in shares of Verisk Analytics by 4.4% in the first quarter. OLD National Bancorp IN now owns 1,325 shares of the business services provider’s stock worth $254,000 after acquiring an additional 56 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Verisk Analytics by 8.9% in the fourth quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider’s stock worth $125,000 after acquiring an additional 58 shares during the period. Advisor OS LLC grew its holdings in shares of Verisk Analytics by 1.0% in the first quarter. Advisor OS LLC now owns 6,542 shares of the business services provider’s stock worth $1,255,000 after acquiring an additional 63 shares during the period. Finally, Summit Financial LLC grew its holdings in shares of Verisk Analytics by 1.4% in the first quarter. Summit Financial LLC now owns 4,682 shares of the business services provider’s stock worth $898,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicholas Daffan sold 1,516 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $244.63, for a total value of $370,859.08. Following the sale, the insider now directly owns 43,151 shares in the company, valued at $10,556,029.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Verisk Analytics news, Director Therese M. Vaughan sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $232.45, for a total transaction of $1,510,925.00. Following the sale, the director now directly owns 20,679 shares in the company, valued at $4,806,833.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,516 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $244.63, for a total value of $370,859.08. Following the sale, the insider now owns 43,151 shares in the company, valued at $10,556,029.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,637 shares of company stock worth $4,114,332. Corporate insiders own 1.31% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $240.93 on Friday. The firm has a market cap of $34.88 billion, a price-to-earnings ratio of 72.79, a price-to-earnings-growth ratio of 3.99 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 9.29. The business has a 50-day moving average price of $236.55 and a 200-day moving average price of $216.62. Verisk Analytics, Inc. has a twelve month low of $162.94 and a twelve month high of $249.26.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.11. The company had revenue of $675.00 million for the quarter, compared to the consensus estimate of $653.13 million. Verisk Analytics had a return on equity of 83.76% and a net margin of 18.64%. As a group, equities research analysts predict that Verisk Analytics, Inc. will post 5.71 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.56%. Verisk Analytics’s dividend payout ratio is currently 41.09%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com assumed coverage on Verisk Analytics in a report on Thursday, August 17th. They set a “hold” rating for the company. BMO Capital Markets boosted their price target on Verisk Analytics from $229.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, August 4th. Morgan Stanley boosted their price target on Verisk Analytics from $201.00 to $219.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Raymond James boosted their price target on Verisk Analytics from $225.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price target on shares of Verisk Analytics in a report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Check Out Our Latest Stock Analysis on VRSK

Verisk Analytics Profile

(Free Report)

Verisk Analytics, Inc provides data analytics solutions to the insurance markets 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, and various other fields.