Creative Planning Boosts Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Posted by Defense World Staff on Oct 11th, 2023

Creative Planning grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 33.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,521 shares of the business services provider’s stock after purchasing an additional 2,890 shares during the period. Creative Planning’s holdings in Verisk Analytics were worth $2,604,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UNIVEST FINANCIAL Corp increased its stake in Verisk Analytics by 4.6% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 1,190 shares of the business services provider’s stock valued at $228,000 after buying an additional 52 shares during the period. OLD National Bancorp IN lifted its position in 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 valued at $254,000 after purchasing an additional 56 shares during the period. Advisor OS LLC lifted its position in Verisk Analytics by 1.0% in the first quarter. Advisor OS LLC now owns 6,542 shares of the business services provider’s stock valued at $1,255,000 after purchasing an additional 63 shares during the period. Summit Financial LLC increased its position in Verisk Analytics by 1.4% during the 1st quarter. Summit Financial LLC now owns 4,682 shares of the business services provider’s stock worth $898,000 after purchasing an additional 66 shares during the period. Finally, Accretive Wealth Partners LLC raised its stake in shares of Verisk Analytics by 1.7% during the 1st quarter. Accretive Wealth Partners LLC now owns 4,134 shares of the business services provider’s stock worth $793,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Activity

In related news, insider Nicholas Daffan sold 1,516 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $244.63, for a total value of $370,859.08. Following the transaction, the insider now directly owns 43,151 shares of the company’s stock, valued at approximately $10,556,029.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Therese M. Vaughan sold 6,500 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $232.45, for a total transaction of $1,510,925.00. Following the completion of the sale, the director now owns 20,679 shares of the company’s stock, valued at approximately $4,806,833.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Daffan sold 1,516 shares of the firm’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 transaction of $370,859.08. Following the completion of the transaction, the insider now owns 43,151 shares in the company, valued at approximately $10,556,029.13. The disclosure for this sale can be found here. Insiders sold 15,677 shares of company stock valued at $3,670,168 in the last ninety days. Company insiders own 1.31% of the company’s stock.

Verisk Analytics Price Performance

VRSK stock opened at $244.45 on Wednesday. The stock has a market capitalization of $35.39 billion, a price-to-earnings ratio of 73.85, a price-to-earnings-growth ratio of 3.89 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. Verisk Analytics, Inc. has a 52-week low of $162.94 and a 52-week high of $249.26. The stock’s fifty day simple moving average is $239.03 and its 200-day simple moving average is $222.48.

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

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was 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 (DPR) is presently 41.09%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VRSK shares. BMO Capital Markets boosted their target price on shares of Verisk Analytics from $229.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Verisk Analytics from $225.00 to $260.00 in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Verisk Analytics in a research report on Thursday, October 5th. They set a “hold” rating for the company. Argus started coverage on Verisk Analytics in a report on Thursday, September 14th. They issued a “buy” rating and a $288.00 price target on the stock. Finally, Barclays lifted their price objective on Verisk Analytics from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

View Our Latest Stock Analysis on VRSK

About Verisk Analytics

(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.