APG Asset Management N.V. Sells 13,646 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• APG Asset Management N.V. reduced its stake in Verisk Analytics by 7.9%, owning 158,989 shares worth approximately $43.8 million after selling 13,646 shares in the first quarter.
• Verisk Analytics reported a 7.8% year-over-year revenue increase to $772.60 million and a quarterly earnings per share (EPS) of $1.88, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.45 per share, with an expected annual yield of 0.7%, set to be paid on September 30th.

APG Asset Management N.V. lowered its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,989 shares of the business services provider's stock after selling 13,646 shares during the quarter. APG Asset Management N.V. owned 0.11% of Verisk Analytics worth $43,805,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRSK. Pinebridge Investments L.P. acquired a new stake in shares of Verisk Analytics during the fourth quarter worth about $4,363,000. MGO One Seven LLC bought a new position in shares of Verisk Analytics during the fourth quarter worth about $1,439,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Verisk Analytics by 3.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 18,061 shares of the business services provider's stock worth $4,975,000 after buying an additional 615 shares in the last quarter. Syon Capital LLC bought a new position in shares of Verisk Analytics during the fourth quarter worth about $217,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Verisk Analytics by 48.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,212 shares of the business services provider's stock worth $1,711,000 after buying an additional 2,031 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Stock Up 0.5%

VRSK stock traded up $1.24 during mid-day trading on Tuesday, reaching $268.31. The company had a trading volume of 1,101,073 shares, compared to its average volume of 1,275,802. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a 50 day simple moving average of $289.24 and a two-hundred day simple moving average of $295.35. The company has a market capitalization of $37.49 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 3.79 and a beta of 0.83. Verisk Analytics, Inc. has a 52 week low of $259.01 and a 52 week high of $322.92.

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

Verisk Analytics Dividend Announcement

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

Insider Activity at Verisk Analytics

In other news, insider Nicholas Daffan sold 5,419 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $318.10, for a total transaction of $1,723,783.90. Following the completion of the transaction, the insider directly owned 56,701 shares in the company, valued at approximately $18,036,588.10. The trade was a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total value of $98,080.36. Following the transaction, the insider owned 9,319 shares of the company's stock, valued at $2,803,714.34. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,620 shares of company stock worth $7,862,427 in the last three months. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group decreased their price objective on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Robert W. Baird increased their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley increased their price objective on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $305.60.

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.