New York State Teachers Retirement System Sells 3,136 Shares of Verisk Analytics, Inc. $VRSK

New York State Teachers Retirement System trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.1% during the second quarter, HoldingsChannel.com reports. The fund owned 96,669 shares of the business services provider’s stock after selling 3,136 shares during the quarter. New York State Teachers Retirement System’s holdings in Verisk Analytics were worth $30,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC grew its stake in shares of Verisk Analytics by 24.1% during the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock worth $90,076,000 after buying an additional 58,954 shares during the last quarter. Insight Wealth Strategies LLC bought a new stake in shares of Verisk Analytics during the second quarter worth $3,860,000. Dakota Wealth Management grew its stake in shares of Verisk Analytics by 24.0% during the second quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock worth $6,774,000 after buying an additional 4,206 shares during the last quarter. Swedbank AB grew its stake in shares of Verisk Analytics by 1.8% during the first quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock worth $32,379,000 after buying an additional 1,903 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Verisk Analytics during the first quarter worth $202,000. Institutional investors own 90.00% of the company’s stock.

Insider Activity

In related news, CEO Lee Shavel sold 1,100 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares in the company, valued at $21,147,865.07. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the completion of the transaction, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,520 shares of company stock worth $2,255,396 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRSK. Morgan Stanley boosted their target price on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Wolfe Research initiated coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price target on the stock. Rothschild & Co Redburn reiterated a “sell” rating and set a $220.00 price target (down previously from $280.00) on shares of Verisk Analytics in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Verisk Analytics in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $299.33.

Verisk Analytics Price Performance

VRSK stock opened at $232.34 on Friday. The firm has a market cap of $32.46 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.01 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a 12-month low of $228.09 and a 12-month high of $322.92. The company’s fifty day simple moving average is $256.24 and its 200 day simple moving average is $284.64.

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

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.45 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Verisk Analytics’s payout ratio is presently 27.73%.

Verisk Analytics 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.