Fifth Third Bancorp Sells 1,019 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Fifth Third Bancorp reduced its holding in Verisk Analytics by 10%, selling 1,019 shares in the second quarter, leaving them with 9,131 shares valued at approximately $2.84 million.
• Multiple large investors, including Vanguard Group Inc. and Invesco Ltd., have also recently adjusted their stakes in Verisk Analytics, indicating strong institutional interest in the company, which currently has 90% institutional ownership.
• Verisk Analytics reported a quarterly EPS of $1.88, exceeding expectations, and announced a quarterly dividend of $0.45, with a dividend yield of 0.7%.

Fifth Third Bancorp lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,131 shares of the business services provider's stock after selling 1,019 shares during the quarter. Fifth Third Bancorp's holdings in Verisk Analytics were worth $2,844,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 239,483 shares in the last quarter. Alliancebernstein L.P. increased its stake in Verisk Analytics by 0.5% during 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 purchasing an additional 25,010 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 596,225 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at $508,611,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 acquiring an additional 283,238 shares during the last quarter. Institutional investors own 90.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VRSK shares. Wells Fargo & Company dropped their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an "outperform" rating in a report on Monday, August 4th. Wolfe Research began coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price target on the stock. UBS Group lowered their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Morgan Stanley increased their price target 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $308.09.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $247.07 on Friday. 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 fifty day moving average of $267.73 and a two-hundred day moving average of $289.50. The stock has a market capitalization of $34.52 billion, a PE ratio of 38.07, a P/E/G ratio of 3.46 and a beta of 0.86. Verisk Analytics, Inc. has a fifty-two week low of $239.83 and a fifty-two week high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to analysts' expectations of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business 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 fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.45 dividend. 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 is 27.73%.

Insiders Place Their Bets

In other news, CEO Lee Shavel sold 1,100 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the sale, the chief executive officer directly owned 78,907 shares in the company, valued at $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher John Perry bought 1,000 shares of Verisk Analytics stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 14,265 shares of company stock valued at $4,002,332. Corporate insiders own 0.46% of the company's stock.

Verisk Analytics 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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