Perigon Wealth Management LLC Invests $607,000 in Verisk Analytics, Inc. $VRSK

Perigon Wealth Management LLC purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,384 shares of the business services provider’s stock, valued at approximately $607,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI acquired a new position in Verisk Analytics during the second quarter worth $229,000. Phillips Wealth Planners LLC acquired a new stake in shares of Verisk Analytics in the 2nd quarter worth $267,000. TimesSquare Capital Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter worth $61,236,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Verisk Analytics during the 2nd quarter worth $57,096,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Verisk Analytics during the 2nd quarter valued at about $1,462,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bruce Edward Hansen sold 2,336 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $174.99, for a total value of $408,776.64. Following the completion of the transaction, the director owned 15,868 shares of the company’s stock, valued at approximately $2,776,741.32. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 3,535 shares of Verisk Analytics stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $196.94, for a total transaction of $696,182.90. Following the completion of the transaction, the chief executive officer owned 98,490 shares of the company’s stock, valued at $19,396,620.60. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 24,562 shares of company stock valued at $4,575,075. 0.52% of the stock is owned by company insiders.

Verisk Analytics Price Performance

VRSK stock opened at $186.45 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 10.42. The company has a market capitalization of $24.27 billion, a PE ratio of 28.64, a P/E/G ratio of 2.00 and a beta of 0.67. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $276.19. The business’s fifty day moving average price is $187.80 and its 200 day moving average price is $185.66.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, July 29th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.05. The firm had revenue of $806.30 million for the quarter, compared to analyst estimates of $804.02 million. Verisk Analytics had a negative return on equity of 239.55% and a net margin of 28.24%.Verisk Analytics’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Verisk Analytics has set its FY 2026 guidance at 7.450-7.750 EPS. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 7.71 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Verisk Analytics’s dividend payout ratio is currently 30.72%.

Analyst Ratings Changes

VRSK has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Evercore set a $223.00 target price on shares of Verisk Analytics in a research note on Thursday, July 30th. Bank of America decreased their target price on shares of Verisk Analytics from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Robert W. Baird set a $247.00 price target on shares of Verisk Analytics in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their price target on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $236.27.

About Verisk Analytics

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.