Northstar Asset Management Inc. Raises Holdings in Verisk Analytics, Inc. $VRSK

Northstar Asset Management Inc. boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 156.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,763 shares of the business services provider’s stock after purchasing an additional 12,046 shares during the quarter. Verisk Analytics makes up 1.7% of Northstar Asset Management Inc.’s holdings, making the stock its 27th largest position. Northstar Asset Management Inc.’s holdings in Verisk Analytics were worth $6,156,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC boosted its position in 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 purchasing an additional 58,954 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in Verisk Analytics during the second quarter worth approximately $3,860,000. Dakota Wealth Management boosted its position in 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 purchasing an additional 4,206 shares in the last quarter. Swedbank AB boosted its position in 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 purchasing an additional 1,903 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Verisk Analytics during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 300 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total value of $72,669.00. Following the transaction, the chief financial officer owned 14,865 shares in the company, valued at $3,600,748.95. The trade was a 1.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the completion of the transaction, the insider owned 54,337 shares in the company, valued at $14,399,305. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,520 shares of company stock worth $2,255,396. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRSK. Evercore ISI reduced their target price on Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. Weiss Ratings cut Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Wolfe Research started coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on Verisk Analytics from $340.00 to $334.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $299.33.

Verisk Analytics Stock Up 0.1%

Verisk Analytics stock opened at $234.94 on Friday. Verisk Analytics, Inc. has a 1-year low of $228.09 and a 1-year high of $322.92. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $32.82 billion, a PE ratio of 36.20, a P/E/G ratio of 3.09 and a beta of 0.85. The stock’s fifty day moving average is $253.29 and its two-hundred day moving average is $282.81.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share 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 company had revenue of $772.60 million for the quarter, compared to analysts’ expectations of $767.91 million. During the same period last year, the firm earned $1.74 earnings per share. Verisk Analytics’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. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

About Verisk Analytics

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.