Amundi Sells 252,055 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Amundi has reduced its holdings in Verisk Analytics by 20.1%, selling 252,055 shares and now owns approximately 1,000,477 shares valued at $305,227,000.
• The company reported $1.88 earnings per share for the last quarter, exceeding estimates, and expects a full-year EPS guidance of 6.800-7.000.
• Verisk Analytics announced a quarterly dividend of $0.45 per share, with a dividend yield of 0.7% and a payout ratio of 27.73%.

Amundi lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 20.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,000,477 shares of the business services provider's stock after selling 252,055 shares during the period. Amundi owned 0.72% of Verisk Analytics worth $305,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VRSK. Aptus Capital Advisors LLC increased its holdings in Verisk Analytics by 74.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,166 shares of the business services provider's stock worth $597,000 after buying an additional 921 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Verisk Analytics by 4.7% during the fourth quarter. BNP Paribas Financial Markets now owns 240,482 shares of the business services provider's stock valued at $66,236,000 after purchasing an additional 10,707 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in Verisk Analytics during the fourth quarter valued at approximately $248,000. BOKF NA grew its holdings in Verisk Analytics by 3.5% during the fourth quarter. BOKF NA now owns 12,524 shares of the business services provider's stock valued at $3,364,000 after purchasing an additional 425 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Verisk Analytics by 18.9% during the fourth quarter. Cetera Investment Advisers now owns 69,593 shares of the business services provider's stock valued at $19,168,000 after purchasing an additional 11,082 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $268.00, for a total value of $80,400.00. Following the completion of the sale, the chief financial officer directly owned 15,465 shares in the company, valued at $4,144,620. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total value of $98,080.36. Following the completion of the sale, the insider owned 9,319 shares of the company's stock, valued at approximately $2,803,714.34. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,621 shares of company stock valued at $7,574,943. 0.46% of the stock is currently owned by insiders.

Verisk Analytics Stock Performance

VRSK stock traded up $2.72 during midday trading on Monday, hitting $273.03. The stock had a trading volume of 1,225,434 shares, compared to its average volume of 911,205. The firm has a market capitalization of $38.15 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 3.83 and a beta of 0.86. Verisk Analytics, Inc. has a 52 week low of $259.01 and a 52 week high of $322.92. The stock has a 50-day simple moving average of $283.02 and a 200 day simple moving average of $293.90. 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 issued its quarterly earnings data 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. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The company had revenue of $772.60 million during the quarter, compared to analysts' expectations of $767.91 million. During the same period last year, the business earned $1.74 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group lowered their price target on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Wolfe Research started coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective for the company. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Morgan Stanley increased their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Five 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $306.91.

Verisk Analytics 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.