Quantitative Investment Management LLC Purchases New Shares in Verisk Analytics, Inc. $VRSK

Key Points

• Quantitative Investment Management LLC acquired 5,926 shares of Verisk Analytics in the first quarter, valued at approximately $1.76 million.
• Several institutional investors increased their holdings in Verisk Analytics, with institutional ownership now at 90% of the company's stock.
• Verisk Analytics announced a quarterly dividend of $0.45 per share, with a record date of September 15 and a payable date of September 30.

Quantitative Investment Management LLC purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,926 shares of the business services provider's stock, valued at approximately $1,763,000.

Several other institutional investors and hedge funds also recently modified their holdings of VRSK. Assenagon Asset Management S.A. lifted its stake in shares of Verisk Analytics by 225.2% during the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after buying an additional 10,331 shares during the period. Simon Quick Advisors LLC purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $237,000. Oppenheimer & Co. Inc. purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $202,000. Vontobel Holding Ltd. lifted its stake in shares of Verisk Analytics by 21.9% during the first quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider's stock valued at $23,157,000 after buying an additional 13,995 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in shares of Verisk Analytics by 88.4% during the first quarter. Summit Trail Advisors LLC now owns 2,018 shares of the business services provider's stock valued at $601,000 after buying an additional 947 shares during the period. Hedge funds and other institutional investors own 90.00% of the company's stock.

Analyst Ratings Changes

VRSK has been the topic of several recent analyst reports. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Robert W. Baird upped their price objective on shares of Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group reduced their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $305.60.

Insider Buying and Selling

In other news, CEO Lee Shavel sold 1,100 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the sale, the chief executive officer owned 78,907 shares of the company's stock, valued at $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher John Perry acquired 1,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $259.80 per share, with a total value of $259,800.00. Following the transaction, the director directly owned 1,773 shares of the company's stock, valued at approximately $460,625.40. This represents a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 25,620 shares of company stock valued at $7,862,427. 0.46% of the stock is owned by corporate insiders.

Verisk Analytics Trading Down 0.6%

Shares of Verisk Analytics stock traded down $1.51 during trading hours on Thursday, hitting $266.19. The company's stock had a trading volume of 763,157 shares, compared to its average volume of 908,664. Verisk Analytics, Inc. has a 1-year low of $259.01 and a 1-year high of $322.92. The business has a fifty day moving average of $288.47 and a 200 day moving average of $295.16. The company has a market capitalization of $37.19 billion, a PE ratio of 41.02, a P/E/G ratio of 3.80 and a beta of 0.83. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The company had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the prior year, the business earned $1.74 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's dividend payout ratio is presently 27.73%.

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.