Renaissance Technologies LLC Has $83.57 Million Position in Verisk Analytics, Inc. $VRSK

Renaissance Technologies LLC boosted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1,359.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 440,420 shares of the business services provider’s stock after purchasing an additional 410,240 shares during the period. Renaissance Technologies LLC’s holdings in Verisk Analytics were worth $83,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Compound Planning Inc. acquired a new stake in Verisk Analytics during the first quarter worth about $214,000. Arrowstreet Capital Limited Partnership raised its holdings in Verisk Analytics by 495.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 83,098 shares of the business services provider’s stock valued at $15,768,000 after acquiring an additional 69,138 shares in the last quarter. Caxton Associates LLP raised its holdings in Verisk Analytics by 308.8% in the 1st quarter. Caxton Associates LLP now owns 6,393 shares of the business services provider’s stock valued at $1,213,000 after acquiring an additional 4,829 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Verisk Analytics in the 1st quarter worth approximately $252,000. Finally, Bank of Nova Scotia lifted its position in shares of Verisk Analytics by 133.6% in the 1st quarter. Bank of Nova Scotia now owns 101,272 shares of the business services provider’s stock worth $19,216,000 after acquiring an additional 57,919 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Verisk Analytics news, Director Samuel G. Liss sold 4,671 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $182.21, for a total transaction of $851,102.91. Following the transaction, the director owned 69,098 shares in the company, valued at approximately $12,590,346.58. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce Edward Hansen sold 2,336 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $174.99, for a total value of $408,776.64. Following the transaction, the director owned 15,868 shares of the company’s stock, valued at $2,776,741.32. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,507 shares of company stock valued at $2,925,710 over the last three months. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VRSK shares. Bank of America lowered their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Verisk Analytics from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Verisk Analytics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 target price on shares of Verisk Analytics in a research report on Monday, March 30th. Finally, Morgan Stanley set a $235.00 target price on shares of Verisk Analytics in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Verisk Analytics has an average rating of “Hold” and a consensus price target of $234.87.

Verisk Analytics Stock Up 4.2%

Shares of NASDAQ:VRSK opened at $201.34 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 10.42. The firm has a market cap of $26.38 billion, a P/E ratio of 30.65, a P/E/G ratio of 2.25 and a beta of 0.69. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $300.93. The company’s 50-day moving average price is $182.41 and its two-hundred day moving average price is $189.62.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.06. Verisk Analytics had a negative return on equity of 2,405.75% and a net margin of 29.34%.The firm had revenue of $782.60 million for the quarter, compared to the consensus estimate of $771.62 million. During the same quarter in the prior year, the business earned $1.73 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Verisk Analytics has set its FY 2026 guidance at 7.450-7.750 EPS. As a group, research analysts forecast that Verisk Analytics, Inc. will post 7.64 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. Verisk Analytics’s dividend payout ratio (DPR) is currently 30.44%.

Verisk Analytics 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.