Kayne Anderson Rudnick Investment Management LLC Purchases 4,306 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Kayne Anderson Rudnick Investment Management increased its position in Verisk Analytics by 0.7%, owning a total of 637,343 shares worth approximately $189.7 million.
• Verisk Analytics announced a quarterly dividend of $0.45 per share, representing a dividend yield of 0.7%, with the payment scheduled for September 30th.
• Despite a 0.3% drop in stock price, Verisk Analytics reported a Q2 earnings per share of $1.88, exceeding expectations and reflecting a year-over-year revenue increase of 7.8%.

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 637,343 shares of the business services provider's stock after acquiring an additional 4,306 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.46% of Verisk Analytics worth $189,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRSK. Pinebridge Investments L.P. acquired a new position in Verisk Analytics in the fourth quarter valued at approximately $4,363,000. MGO One Seven LLC bought a new stake in shares of Verisk Analytics in the 4th quarter valued at $1,439,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Verisk Analytics by 3.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 18,061 shares of the business services provider's stock valued at $4,975,000 after acquiring an additional 615 shares during the period. Syon Capital LLC bought a new position in Verisk Analytics during the fourth quarter worth $217,000. Finally, Integrated Wealth Concepts LLC grew its holdings in Verisk Analytics by 48.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,212 shares of the business services provider's stock worth $1,711,000 after purchasing an additional 2,031 shares during the period. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Verisk Analytics

In related news, insider Nicholas Daffan sold 5,419 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total transaction of $1,630,360.34. Following the completion of the transaction, the insider owned 55,913 shares in the company, valued at approximately $16,821,985.18. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total transaction of $294,811.00. Following the completion of the sale, the chief executive officer directly owned 78,907 shares in the company, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,620 shares of company stock worth $7,862,427. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

VRSK has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Robert W. Baird increased their price target on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, UBS Group decreased 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 report on Thursday, July 31st. Four 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $305.60.

Verisk Analytics Stock Down 0.6%

NASDAQ:VRSK traded down $1.51 on Thursday, hitting $266.19. The stock had a trading volume of 762,657 shares, compared to its average volume of 908,664. Verisk Analytics, Inc. has a 1 year low of $259.01 and a 1 year high of $322.92. The firm's fifty day simple moving average is $288.47 and its two-hundred day simple moving average is $295.16. 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 stock has a market cap of $37.19 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 3.80 and a beta of 0.83.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

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 dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's dividend payout ratio (DPR) is currently 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.