14 Best Consulting Stocks to Buy Now

03. Verisk Analytics, Inc. (NASDAQ:VRSK)

Number of Hedge Fund Holders: 47

Verisk Analytics, Inc. (NASDAQ:VRSK) provides data analytics and technology solutions to the insurance industry in the US and internationally. The company offers a range of solutions, including underwriting, rating, and claims solutions for property, auto, and life insurance, as well as catastrophe modeling and marketing solutions. Verisk Analytics, Inc. (NASDAQ:VRSK) solutions help insurers to assess and manage risk, detect fraud, and optimize workflows, and also provides software to the specialty insurance market, with a focus on data analytics and technology to transform insurance processes. On July 9, UBS analyst Alex Kramm maintained a Neutral rating on Verisk Analytics, Inc. (NASDAQ:VRSK) and raised the price target to $285 from $255.

On July 25, Verisk Analytics, Inc. (NASDAQ:VRSK) launched a new data solution assessing risks to assets of over 50,000 publicly traded companies. The Asset Risk Exposure Analytics (AREA) combines 4 million+ asset locations with detailed geospatial risk data, mapping 85 risk issues at subnational levels. This tool offers investors comprehensive insights into corporate exposure to climate, environmental, human rights, and political risks, highlighting vulnerabilities and strengths in global operations.

During Q1, 2024 the count of hedge funds holding positions in Verisk Analytics, Inc. (NASDAQ:VRSK) rose to 47 from 32 in the prior quarter, as reported by Insider Monkey’s database encompassing 920 hedge funds. These holdings collectively amount to around $1.19 billion. Guardian Capital’s GuardCap Asset Management emerged as the leading shareholder among these hedge funds during this timeframe.

TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding Verisk Analytics, Inc. (NASDAQ:VRSK) in its first quarter 2024 investor letter:

“There was some price weakness for Verisk Analytics, Inc. (NASDAQ:VRSK), which provides risk information and analysis for the property/casualty insurance industry. Its revenues and earnings were in line with expectations, though its guidance was more conservative. More notable from our perspective, pricing for auto insurance was strong, which bodes well for Verisk’s near-term growth prospects, so as its shares pulled back by -1% this quarter we added to our holdings.”