Federated Hermes Inc. Grows Holdings in Verisk Analytics, Inc. $VRSK

Federated Hermes Inc. increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,255 shares of the business services provider’s stock after acquiring an additional 4,676 shares during the quarter. Federated Hermes Inc. owned about 0.19% of Verisk Analytics worth $67,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VRSK. AlphaCore Capital LLC purchased a new position in shares of Verisk Analytics during the second quarter valued at approximately $27,000. Osterweis Capital Management Inc. bought a new position in Verisk Analytics during the 2nd quarter valued at approximately $28,000. Spurstone Advisory Services LLC purchased a new position in Verisk Analytics during the second quarter valued at $29,000. NewSquare Capital LLC boosted its holdings in Verisk Analytics by 69.0% in the second quarter. NewSquare Capital LLC now owns 98 shares of the business services provider’s stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Verisk Analytics by 62.7% in the second quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Up 1.3%

NASDAQ:VRSK opened at $219.03 on Thursday. The company has a market cap of $30.53 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 3.08 and a beta of 0.81. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.55. The company has a 50 day simple moving average of $220.72 and a two-hundred day simple moving average of $242.65. Verisk Analytics, Inc. has a 12 month low of $196.99 and a 12 month high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last released 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 firm 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 company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. Research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling

In other Verisk Analytics news, Director Jeffrey J. Dailey bought 500 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of $217.03 per share, for a total transaction of $108,515.00. Following the completion of the transaction, the director owned 3,962 shares of the company’s stock, valued at $859,872.86. This represents a 14.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory Hendrick bought 500 shares of Verisk Analytics stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of $216.14 per share, with a total value of $108,070.00. Following the completion of the acquisition, the director owned 2,536 shares of the company’s stock, valued at $548,131.04. The trade was a 24.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 1,450 shares of company stock valued at $314,663 and have sold 1,700 shares valued at $369,648. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRSK. Rothschild & Co Redburn reaffirmed a “sell” rating and issued a $220.00 price target (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Evercore ISI decreased their target price on shares of Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Barclays upgraded shares of Verisk Analytics from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $310.00 to $275.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verisk Analytics in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $278.64.

Verisk Analytics Company Profile

Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.

Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.