Allstate Corp Has $2.02 Million Stake in Verisk Analytics, Inc. $VRSK

Key Points

• Allstate Corp increased its stake in Verisk Analytics by 60.9%, owning 6,774 shares worth approximately $2.02 million according to its latest SEC filing.
• Verisk Analytics reported better-than-expected quarterly earnings, with an EPS of $1.88 surpassing analysts’ estimates, and announced a quarterly dividend of $0.45 per share.
• Several hedge funds, including Ameriprise Financial, significantly increased their positions in Verisk Analytics, reflecting strong institutional interest as 90% of the stock is owned by institutional investors.

Allstate Corp grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 60.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,774 shares of the business services provider's stock after acquiring an additional 2,565 shares during the period. Allstate Corp's holdings in Verisk Analytics were worth $2,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VRSK. Compound Planning Inc. boosted its position in shares of Verisk Analytics by 24.8% during the 1st quarter. Compound Planning Inc. now owns 1,937 shares of the business services provider's stock valued at $576,000 after purchasing an additional 385 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Verisk Analytics by 631.0% in the first quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider's stock worth $422,676,000 after purchasing an additional 1,221,798 shares in the last quarter. CW Advisors LLC lifted its stake in Verisk Analytics by 9.2% in the first quarter. CW Advisors LLC now owns 1,191 shares of the business services provider's stock valued at $354,000 after buying an additional 100 shares during the period. Summit Financial LLC boosted its holdings in shares of Verisk Analytics by 2.3% during the 1st quarter. Summit Financial LLC now owns 5,599 shares of the business services provider's stock worth $1,666,000 after buying an additional 125 shares in the last quarter. Finally, Wormser Freres Gestion bought a new position in shares of Verisk Analytics during the 1st quarter worth approximately $127,000. 90.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Verisk Analytics

In related news, Director Christopher John Perry purchased 1,000 shares of the stock in a transaction that occurred on 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 owned 1,773 shares of the company's stock, valued at $460,625.40. This represents a 129.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction on Monday, August 18th. The stock was sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer directly owned 78,907 shares in the company, valued at $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,620 shares of company stock valued at $7,862,427 in the last three months. Insiders own 0.46% of the company's stock.

Verisk Analytics Stock Performance

VRSK opened at $271.06 on Friday. Verisk Analytics, Inc. has a 1-year low of $259.01 and a 1-year high of $322.92. The company has a market cap of $37.87 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 3.85 and a beta of 0.83. The company's fifty day moving average price is $290.86 and its two-hundred day moving average price is $295.69. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34.

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 for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $772.60 million for the quarter, compared to analysts' expectations of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.45 per share. 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 payout ratio is presently 27.73%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Robert W. Baird lifted their price target 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. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley increased their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $305.60.

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.

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