BNP Paribas Financial Markets Buys 52,587 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• BNP Paribas Financial Markets increased its stake in Verisk Analytics by 21.9%, owning 293,069 shares valued at approximately $87.2 million as of the latest SEC filing.
• Insider sales included Nicholas Daffan selling 5,419 shares for about $1.72 million and CEO Lee Shavel selling 1,100 shares valued around $294,811, reflecting a decrease in their positions.
• Verisk Analytics reported a quarterly earnings per share of $1.88, exceeding estimates, with a total revenue of $772.6 million, marking a 7.8% increase year-over-year.

BNP Paribas Financial Markets raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,069 shares of the business services provider's stock after purchasing an additional 52,587 shares during the period. BNP Paribas Financial Markets owned 0.21% of Verisk Analytics worth $87,223,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC boosted its holdings in Verisk Analytics by 732.5% in the 1st quarter. Truvestments Capital LLC now owns 333 shares of the business services provider's stock valued at $99,000 after purchasing an additional 293 shares during the period. FORA Capital LLC boosted its holdings in Verisk Analytics by 85.8% in the 1st quarter. FORA Capital LLC now owns 1,455 shares of the business services provider's stock valued at $433,000 after purchasing an additional 672 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Verisk Analytics by 45.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 187,692 shares of the business services provider's stock valued at $55,861,000 after purchasing an additional 58,995 shares during the period. CSM Advisors LLC bought a new position in Verisk Analytics in the 1st quarter valued at $203,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Verisk Analytics by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 637,343 shares of the business services provider's stock valued at $189,686,000 after purchasing an additional 4,306 shares during the period. 90.00% of the stock is owned by institutional investors.

Insider Transactions at Verisk Analytics

In other news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $268.00, for a total transaction of $80,400.00. Following the completion of the transaction, the chief financial officer directly owned 15,465 shares in the company, valued at approximately $4,144,620. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher John Perry bought 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the completion of the acquisition, the director directly owned 1,773 shares of the company's stock, valued at approximately $460,625.40. The trade was a 129.37% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 20,201 shares of company stock worth $6,138,643. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on VRSK shares. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an "outperform" rating in a research note on Monday, August 4th. Robert W. Baird lifted their price objective on shares of Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. UBS Group dropped their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Wolfe Research started coverage on shares of Verisk Analytics in a report on Wednesday. They set an "outperform" rating and a $320.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Verisk Analytics has a consensus rating of "Hold" and an average target price of $306.91.

Verisk Analytics Trading Up 0.9%

Shares of NASDAQ:VRSK traded up $2.34 during midday trading on Wednesday, hitting $267.34. 441,577 shares of the stock traded hands, compared to its average volume of 905,405. The stock has a market capitalization of $37.35 billion, a PE ratio of 41.19, a P/E/G ratio of 3.80 and a beta of 0.86. The business's 50 day moving average is $285.20 and its two-hundred day moving average is $294.41. 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, Inc. has a one year low of $259.01 and a one year high of $322.92.

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

Verisk Analytics Dividend Announcement

The business also recently declared 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 is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's payout ratio is currently 27.73%.

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.