Bank Julius Baer & Co. Ltd Zurich Cuts Holdings in Verisk Analytics, Inc. $VRSK

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 48.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 399,114 shares of the business services provider’s stock after selling 370,741 shares during the period. Verisk Analytics makes up approximately 2.0% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 6th largest holding. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.29% of Verisk Analytics worth $124,324,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new position in Verisk Analytics during the first quarter valued at $508,611,000. Ameriprise Financial Inc. lifted its holdings in shares of Verisk Analytics by 631.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock worth $422,676,000 after acquiring an additional 1,221,798 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after purchasing an additional 596,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Verisk Analytics by 35.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock valued at $492,182,000 after purchasing an additional 434,053 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Verisk Analytics by 52.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock worth $339,586,000 after purchasing an additional 393,668 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Trading Down 1.3%

Shares of NASDAQ VRSK opened at $221.88 on Friday. Verisk Analytics, Inc. has a twelve month low of $196.99 and a twelve month high of $322.92. The firm has a market cap of $30.92 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. The business has a fifty day simple moving average of $234.29 and a two-hundred day simple moving average of $273.26. The company has a quick ratio of 1.53, a current ratio of 1.19 and a debt-to-equity ratio of 8.55.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $768.30 million for the quarter, compared to the consensus estimate of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. Verisk Analytics’s dividend payout ratio (DPR) is 27.44%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI dropped their target price on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley upped their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. UBS Group reduced their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verisk Analytics in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $282.14.

Insider Buying and Selling at Verisk Analytics

In other news, CEO Lee Shavel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.99, for a total value of $238,689.00. Following the completion of the sale, the chief executive officer owned 77,807 shares in the company, valued at approximately $16,883,340.93. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory Hendrick acquired 500 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $216.14 per share, for a total transaction of $108,070.00. Following the completion of the purchase, the director owned 2,536 shares of the company’s stock, valued at approximately $548,131.04. This represents a 24.56% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 1,450 shares of company stock worth $314,663 and have sold 7,420 shares worth $1,889,171. Company insiders own 0.46% of the company’s stock.

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.