Essex Savings Bank Cuts Position in Verisk Analytics, Inc. $VRSK

Key Points

• Essex Savings Bank reduced its holdings in Verisk Analytics by 21.1%, selling 3,301 shares and retaining 12,333 shares valued at approximately $3.84 million.
• Verisk Analytics reported earnings of $1.88 per share for the last quarter, exceeding estimates of $1.77, with revenue rising by 7.8% year-over-year.
• The company will pay a quarterly dividend of $0.45 per share on September 30, resulting in an annualized yield of 0.7%.

Essex Savings Bank lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,333 shares of the business services provider's stock after selling 3,301 shares during the quarter. Verisk Analytics comprises approximately 0.9% of Essex Savings Bank's holdings, making the stock its 23rd largest holding. Essex Savings Bank's holdings in Verisk Analytics were worth $3,842,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VRSK. Tidal Investments LLC increased its position in shares of Verisk Analytics by 48.2% in the 4th quarter. Tidal Investments LLC now owns 8,463 shares of the business services provider's stock valued at $2,331,000 after buying an additional 2,754 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Verisk Analytics in the 4th quarter valued at $2,354,000. Waverly Advisors LLC bought a new stake in shares of Verisk Analytics in the 4th quarter valued at $208,000. Vise Technologies Inc. increased its position in shares of Verisk Analytics by 89.7% in the 4th quarter. Vise Technologies Inc. now owns 1,702 shares of the business services provider's stock valued at $469,000 after buying an additional 805 shares in the last quarter. Finally, GTS Securities LLC bought a new stake in shares of Verisk Analytics in the 4th quarter valued at $220,000. Institutional investors own 90.00% of the company's stock.

Insider Activity

In other news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total transaction of $76,416.00. Following the completion of the sale, the chief financial officer directly owned 15,165 shares of the company's stock, valued at approximately $3,862,828.80. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathy Card Beckles sold 326 shares of the business'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 directly 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. Over the last three months, insiders sold 14,265 shares of company stock worth $4,002,332. Company insiders own 0.46% of the company's stock.

Verisk Analytics Stock Performance

Shares of VRSK stock traded down $3.84 during trading hours on Tuesday, hitting $240.35. 298,376 shares of the company were exchanged, compared to its average volume of 935,924. The firm has a fifty day simple moving average of $272.33 and a 200 day simple moving average of $290.84. 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 52-week low of $239.83 and a 52-week high of $322.92. The stock has a market capitalization of $33.58 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 3.45 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data 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 net margin of 30.67% and a return on equity of 460.89%. The business had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same period in the previous year, the business earned $1.74 EPS. Verisk Analytics's revenue was up 7.8% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wolfe Research began coverage on Verisk Analytics in a report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 target price for the company. UBS Group cut their target price on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company cut their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Morgan Stanley lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $308.09.

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.