Eventide Asset Management LLC Has $26.09 Million Position in Verisk Analytics, Inc. $VRSK

Key Points

• Eventide Asset Management LLC has increased its stake in Verisk Analytics by 2.0% during the first quarter, now holding approximately 87,713 shares valued at $26.1 million.
• Insider sales included a transaction by CEO Lee Shavel, who sold 1,100 shares at an average price of $268.01, representing a 1.37% decrease in his ownership.
• Verisk Analytics has set a FY 2025 guidance of 6.800-7.000 EPS and will distribute a quarterly dividend of $0.45, reflecting an annual yield of 0.7%.

Eventide Asset Management LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,713 shares of the business services provider's stock after acquiring an additional 1,737 shares during the period. Eventide Asset Management LLC owned approximately 0.06% of Verisk Analytics worth $26,093,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Alliancebernstein L.P. raised its stake in Verisk Analytics by 0.5% in the first 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 in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Verisk Analytics by 38.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 148,900 shares of the business services provider's stock worth $44,316,000 after buying an additional 41,000 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Verisk Analytics by 29.0% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 16,507 shares of the business services provider's stock valued at $4,913,000 after purchasing an additional 3,715 shares in the last quarter. Graham Capital Management L.P. boosted its holdings in Verisk Analytics by 3.9% in the 1st quarter. Graham Capital Management L.P. now owns 2,120 shares of the business services provider's stock valued at $631,000 after purchasing an additional 80 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Verisk Analytics by 0.5% in the 1st quarter. MAI Capital Management now owns 31,086 shares of the business services provider's stock valued at $9,252,000 after purchasing an additional 164 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Samuel G. Liss sold 11,656 shares of Verisk Analytics stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $313.06, for a total value of $3,649,027.36. Following the transaction, the director owned 67,244 shares in the company, valued at approximately $21,051,406.64. The trade was a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daffan sold 5,420 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the completion of the transaction, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,621 shares of company stock valued at $7,574,943. 0.46% of the stock is currently owned by company insiders.

Verisk Analytics Stock Performance

NASDAQ VRSK traded up $2.72 during trading hours on Monday, reaching $273.03. The company's stock had a trading volume of 1,240,251 shares, compared to its average volume of 912,191. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. The business has a 50-day simple moving average of $283.02 and a 200 day simple moving average of $293.90. Verisk Analytics, Inc. has a 52 week low of $259.01 and a 52 week high of $322.92. The stock has a market cap of $38.15 billion, a PE ratio of 42.07, a PEG ratio of 3.83 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $767.91 million. During the same quarter last year, the business earned $1.74 earnings per share. 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. Equities research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 dividend payout ratio (DPR) is currently 27.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group decreased their price target 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. Wolfe Research assumed coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price objective for the company. Morgan Stanley increased their target price on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, 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. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $306.91.

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.