Accurate Wealth Management Invests $1.97 Million in Verisk Analytics

Accurate Wealth Management LLC has acquired a new stake in Verisk Analytics, Inc. (NASDAQ: VRSK) during the third quarter, investing approximately $1.97 million in the business services provider. This investment was revealed in Accurate Wealth Management’s recent 13F filing with the Securities and Exchange Commission (SEC), which disclosed the purchase of 8,078 shares of Verisk’s stock.

Several other institutional investors have also adjusted their holdings in Verisk Analytics recently. For instance, UMB Bank n.a. increased its investment by 0.4% in the second quarter, now owning 9,017 shares valued at $2.81 million. Similarly, NBT Bank N A NY raised its stake by 11.4%, acquiring 341 shares valued at $106,000. Tranquility Partners LLC and EWA LLC also made minor increases in their holdings during the same period, reinforcing the growing institutional interest in Verisk.

### Insider Transactions and Market Activity

On October 31, 2023, Verisk’s Director, Jeffrey J. Dailey, purchased 500 shares for an average price of $217.03 each, amounting to a total investment of $108,515. This transaction raised his total ownership to 3,962 shares, valued at approximately $859,872.86. Another director, Sabra R. Purtill, also acquired 450 shares at an average cost of $217.95, increasing her stake significantly by 51.31%.

In the past three months, insiders have purchased 1,450 shares valued at $314,663 while selling 2,000 shares for $442,317. Currently, insiders hold 0.46% of the company’s stock.

### Analysts’ Ratings and Market Response

Market analysts have recently adjusted their price targets for Verisk Analytics. Wells Fargo & Company lowered its target from $334.00 to $300.00 while maintaining an “overweight” rating. Conversely, Barclays upgraded its rating from “equal weight” to “overweight,” lowering the target to $275.00. Analysts from Goldman Sachs reduced their price objective to $239.00, while Rothschild & Co Redburn reiterated a “sell” rating with a target price of $220.00.

As of now, Verisk Analytics has received a consensus rating of “Hold” with a target price of $278.64, according to MarketBeat.com.

### Recent Performance and Future Outlook

Shares of Verisk Analytics opened at $223.69 on Thursday, reflecting a 0.3% decline. The company has a market capitalization of $31.18 billion, a P/E ratio of 34.10, and a debt-to-equity ratio of 8.55. Verisk’s stock has seen a 52-week low of $196.99 and a high of $322.92.

In its latest earnings report released on October 29, 2023, Verisk Analytics reported earnings per share (EPS) of $1.72, exceeding analysts’ expectations of $1.70. The company also recorded revenues of $768.30 million, slightly below the forecast of $776.04 million. For the current fiscal year, analysts predict Verisk will achieve an EPS of $6.63.

### Dividend Announcement

Verisk Analytics has recently announced a quarterly dividend of $0.45 per share, paid to stockholders on December 31, 2023. This equates to an annualized dividend of $1.80, yielding 0.8%. The company’s current payout ratio stands at 27.44%.

### About Verisk Analytics

Verisk Analytics, Inc. is a leading provider of data analytics and decision-support services, assisting organizations in assessing and managing risk across various sectors, including insurance, financial services, and government. Its comprehensive offerings are designed to enhance clients’ decision-making in underwriting, pricing, claims management, and regulatory compliance, demonstrating its vital role in the analytics landscape.