Allianz Asset Management GmbH Reduces Position in Verisk Analytics, Inc. $VRSK

Key Points

• Allianz Asset Management GmbH reduced its stake in Verisk Analytics by 55.6%, selling 18,389 shares during the second quarter, now holding 14,693 shares valued at $4,577,000.
• Other significant investors like Vanguard Group and Invesco increased their positions in Verisk Analytics, indicating robust institutional interest in the company.
• Verisk Analytics reported a net margin of 30.67% and 7.8% revenue growth year-over-year, with earnings per share beating analysts' expectations at $1.88.

Allianz Asset Management GmbH lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 55.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,693 shares of the business services provider's stock after selling 18,389 shares during the quarter. Allianz Asset Management GmbH's holdings in Verisk Analytics were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after acquiring an additional 239,483 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Verisk Analytics by 0.5% during the 1st quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider's stock valued at $1,558,067,000 after purchasing an additional 25,010 shares during the period. Invesco Ltd. raised its position in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider's stock valued at $669,958,000 after purchasing an additional 596,225 shares during the period. Nuveen LLC bought a new stake in shares of Verisk Analytics during the 1st quarter valued at $508,611,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Verisk Analytics by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider's stock valued at $507,219,000 after purchasing an additional 283,238 shares during the period. Hedge funds and other institutional investors own 90.00% of the company's stock.

Insider Buying and Selling at Verisk Analytics

In other news, CEO Lee Shavel sold 1,100 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the sale, the chief executive officer directly owned 78,907 shares in the company, valued at $21,147,865.07. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the acquisition, the director owned 1,773 shares in the company, valued at approximately $460,625.40. The trade was a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,520 shares of company stock valued at $2,255,396. Corporate insiders own 0.46% of the company's stock.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $234.79 on Friday. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $32.80 billion, a P/E ratio of 36.18, a P/E/G ratio of 3.12 and a beta of 0.85. The firm's fifty day moving average is $253.94 and its two-hundred day moving average is $283.10. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92.

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

Wall Street Analyst Weigh In

VRSK has been the topic of several recent analyst reports. Rothschild Redb downgraded shares of Verisk Analytics from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. Evercore ISI decreased their price objective on shares of Verisk Analytics from $292.00 to $262.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 14th. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Wolfe Research initiated coverage on shares of Verisk Analytics in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price objective on the stock. Finally, Morgan Stanley raised 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 report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of "Hold" and a consensus price target of $299.33.

Verisk Analytics Company Profile

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.

Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.