DMC Group LLC Trims Stock Position in Verisk Analytics, Inc. $VRSK

DMC Group LLC reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 25.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,722 shares of the business services provider’s stock after selling 598 shares during the quarter. DMC Group LLC’s holdings in Verisk Analytics were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in shares of Verisk Analytics during the 1st quarter valued at approximately $60,000. Wedmont Private Capital increased its stake in shares of Verisk Analytics by 20.9% in the 1st quarter. Wedmont Private Capital now owns 2,549 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 440 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Verisk Analytics by 2.6% in the first quarter. Park Avenue Securities LLC now owns 9,779 shares of the business services provider’s stock valued at $2,910,000 after buying an additional 246 shares in the last quarter. Portside Wealth Group LLC increased its position in shares of Verisk Analytics by 11.4% in the first quarter. Portside Wealth Group LLC now owns 2,094 shares of the business services provider’s stock valued at $623,000 after buying an additional 214 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Verisk Analytics by 24.6% in the first quarter. Farther Finance Advisors LLC now owns 1,644 shares of the business services provider’s stock valued at $491,000 after buying an additional 325 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Verisk Analytics

In other news, Director Christopher John Perry purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the purchase, the director directly owned 1,773 shares of the company’s stock, valued at approximately $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth Mann sold 300 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total value of $76,416.00. Following the transaction, the chief financial officer owned 15,165 shares in the company, valued at $3,862,828.80. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,520 shares of company stock worth $2,273,891. 0.46% of the stock is owned by corporate insiders.

Verisk Analytics Trading Up 0.4%

VRSK opened at $246.09 on Wednesday. Verisk Analytics, Inc. has a one year low of $239.83 and a one year high of $322.92. The stock has a market capitalization of $34.38 billion, a PE ratio of 37.92, a P/E/G ratio of 3.47 and a beta of 0.85. The business’s 50 day moving average price is $260.93 and its 200 day moving average price is $287.55. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The firm had revenue of $772.60 million for the quarter, compared to analysts’ expectations of $767.91 million. During the same period in the prior year, the firm posted $1.74 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. Verisk Analytics’s dividend payout ratio is presently 27.73%.

Analysts Set New Price Targets

Several brokerages recently commented on VRSK. Weiss Ratings reissued a “buy (b-)” rating on shares of Verisk Analytics in a report on Saturday, September 27th. Wells Fargo & Company cut their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. UBS Group cut their target price on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley boosted their price target on Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Verisk Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $311.00.

Verisk Analytics Company Profile

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.