Rep. Rick Larsen Purchases Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Representative Rick Larsen (D-Washington) recently bought shares of Verisk Analytics, Inc. (NASDAQ:VRSK). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Verisk Analytics stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cintas (NASDAQ:CTAS) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of Booz Allen Hamilton (NYSE:BAH) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of Comcast (NASDAQ:CMCSA) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 1/7/2025.

Verisk Analytics Stock Performance

VRSK opened at $273.81 on Thursday. The business has a fifty day simple moving average of $282.46 and a 200-day simple moving average of $274.68. The firm has a market cap of $38.66 billion, a PE ratio of 42.72, a P/E/G ratio of 3.08 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. Verisk Analytics’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. As a group, equities analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $300.00 price target on shares of Verisk Analytics in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target on the stock. in a report on Friday, January 10th. Finally, Evercore ISI reissued an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $293.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its holdings in Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after buying an additional 283,653 shares during the last quarter. Legal & General Group Plc grew its position in Verisk Analytics by 7.4% in the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after acquiring an additional 111,364 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Verisk Analytics by 6.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider’s stock worth $331,476,000 after purchasing an additional 78,376 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Verisk Analytics by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock worth $297,491,000 after purchasing an additional 85,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Verisk Analytics by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock valued at $214,676,000 after purchasing an additional 8,262 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $57,298.00. Following the transaction, the chief financial officer now owns 15,608 shares of the company’s stock, valued at $4,471,535.92. This trade represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total transaction of $321,642.99. Following the sale, the director now directly owns 13,786 shares of the company’s stock, valued at approximately $3,760,958.66. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,379 shares of company stock valued at $946,141. Insiders own 0.40% of the company’s stock.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.