Curi RMB Capital LLC Sells 25,459 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Curi RMB Capital LLC reduced its stake in Verisk Analytics by 29%, now holding 62,281 shares valued at approximately $18.54 million.
• Verisk Analytics reported a 7.8% revenue increase year-over-year, with an earnings per share (EPS) of $1.88, exceeding estimates by $0.11.
• The firm declared a quarterly dividend of $0.45 per share, representing a 0.7% yield, to be paid on September 30th.

Curi RMB Capital LLC lowered its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 29.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,281 shares of the business services provider's stock after selling 25,459 shares during the quarter. Curi RMB Capital LLC's holdings in Verisk Analytics were worth $18,536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VRSK. Vanguard Group Inc. increased its position in Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after purchasing an additional 239,483 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Verisk Analytics by 0.5% in the 1st quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider's stock valued at $1,558,067,000 after buying an additional 25,010 shares during the period. Invesco Ltd. grew its holdings in Verisk Analytics by 36.0% in the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider's stock valued at $669,958,000 after buying an additional 596,225 shares during the period. Nuveen LLC purchased a new stake in Verisk Analytics in the 1st quarter valued at about $508,611,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Verisk Analytics by 19.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider's stock valued at $507,219,000 after buying an additional 283,238 shares during the period. Institutional investors and hedge funds own 90.00% of the company's stock.

Insiders Place Their Bets

In related news, insider Kathy Card Beckles sold 326 shares of the company'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 transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the transaction, the chief executive officer directly owned 78,907 shares in the company, valued at approximately $21,147,865.07. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,621 shares of company stock valued at $7,574,943. 0.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group reduced their price objective on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley lifted their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Wolfe Research assumed coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Verisk Analytics has a consensus rating of "Hold" and an average price target of $306.91.

Verisk Analytics Stock Up 1.0%

VRSK stock traded up $2.72 during midday trading on Monday, hitting $273.03. 1,225,783 shares of the company's stock were exchanged, compared to its average volume of 911,205. 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, Inc. has a 12-month low of $259.01 and a 12-month high of $322.92. The firm has a 50 day moving average price of $283.02 and a 200-day moving average price of $293.90. The stock has a market capitalization of $38.15 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 3.83 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued 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. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. During the same period in the previous year, the business earned $1.74 EPS. The business's quarterly 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. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.45 dividend. 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 dividend payout ratio is 27.73%.

About Verisk Analytics

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.