Corebridge Financial Inc. Reduces Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• Corebridge Financial Inc. reduced its holdings in Verisk Analytics, decreasing its position by 3.5% in the first quarter, now owning 44,474 shares worth about $13.2 million.
• Insider Nicholas Daffan sold 5,419 shares for approximately $1.63 million, marking an 8.84% decrease in his position, while overall insider trading revealed a total of 25,620 shares sold worth nearly $7.9 million over the past three months.
• Analysts have set a consensus rating of "Hold" for Verisk Analytics, with target prices ranging from $300 to $335, reflecting a mixed outlook among financial institutions.

Corebridge Financial Inc. decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,474 shares of the business services provider's stock after selling 1,618 shares during the period. Corebridge Financial Inc.'s holdings in Verisk Analytics were worth $13,236,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Louisbourg Investments Inc. acquired a new position in shares of Verisk Analytics in the 1st quarter worth approximately $25,000. Global Financial Private Client LLC lifted its holdings in shares of Verisk Analytics by 966.7% in the 1st quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after acquiring an additional 116 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Verisk Analytics in the 4th quarter worth approximately $39,000. Wayfinding Financial LLC acquired a new position in shares of Verisk Analytics in the 1st quarter worth approximately $48,000. Finally, GW&K Investment Management LLC lifted its holdings in Verisk Analytics by 186.7% during the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider's stock worth $51,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company's stock.

Insider Buying and Selling

In other news, insider Nicholas Daffan sold 5,419 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total value of $1,630,360.34. Following the completion of the sale, the insider owned 55,913 shares in the company, valued at approximately $16,821,985.18. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathy Card Beckles sold 326 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total transaction of $98,080.36. Following the completion of the sale, the insider owned 9,319 shares of the company's stock, valued at $2,803,714.34. This trade represents a 3.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,620 shares of company stock worth $7,862,427. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on VRSK. Robert W. Baird increased their price objective on shares of Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Morgan Stanley increased their target price 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. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, UBS Group lowered their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Verisk Analytics currently has a consensus rating of "Hold" and an average target price of $305.60.

Verisk Analytics Trading Up 0.5%

Shares of Verisk Analytics stock opened at $268.31 on Wednesday. Verisk Analytics, Inc. has a 1 year low of $259.01 and a 1 year high of $322.92. 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 capitalization of $37.49 billion, a P/E ratio of 41.34, a PEG ratio of 3.79 and a beta of 0.83. The company's fifty day moving average is $289.24 and its two-hundred day moving average is $295.35.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The company had revenue of $772.60 million during the quarter, compared to analysts' expectations of $767.91 million. During the same quarter last year, the business earned $1.74 EPS. 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. Analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The company 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 $0.45 dividend. 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 dividend payout ratio (DPR) is 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.

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