LGT Fund Management Co Ltd. Makes New $652,000 Investment in Verisk Analytics, Inc. $VRSK

Key Points

• LGT Fund Management Co Ltd. made a new investment in Verisk Analytics, acquiring 2,092 shares valued at approximately $652,000.
• Verisk Analytics has reported a 7.8% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $1.88, exceeding analyst expectations.
• The company recently announced a quarterly dividend of $0.45, resulting in an annualized dividend yield of 0.7%.

LGT Fund Management Co Ltd. acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,092 shares of the business services provider's stock, valued at approximately $652,000.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Verisk Analytics by 225.2% during the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock worth $4,440,000 after acquiring an additional 10,331 shares during the last quarter. Voya Investment Management LLC increased its stake in Verisk Analytics by 24.1% during the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider's stock worth $90,076,000 after acquiring an additional 58,954 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in shares of Verisk Analytics during the second quarter valued at approximately $3,860,000. Dakota Wealth Management grew its stake in shares of Verisk Analytics by 24.0% during the second quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider's stock valued at $6,774,000 after buying an additional 4,206 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of Verisk Analytics during the first quarter valued at approximately $237,000. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Performance

Shares of VRSK opened at $249.04 on Friday. Verisk Analytics, Inc. has a 12 month low of $239.83 and a 12 month high of $322.92. The stock has a fifty day moving average price of $262.88 and a 200-day moving average price of $288.12. 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 firm has a market cap of $34.79 billion, a PE ratio of 38.37, a P/E/G ratio of 3.53 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings data 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 return on equity of 460.89% and a net margin of 30.67%.The firm had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same quarter in the prior year, the business posted $1.74 EPS. The business's revenue for the quarter 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. Verisk Analytics's dividend payout ratio is presently 27.73%.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total value of $76,416.00. Following the transaction, the chief financial officer directly owned 15,165 shares of the company's stock, valued at $3,862,828.80. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lee Shavel sold 1,100 shares of the company's stock in a transaction on 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 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. Insiders sold 8,520 shares of company stock valued at $2,273,891 in the last quarter. Insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRSK. UBS Group cut their target price 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. Wells Fargo & Company cut their target price on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Morgan Stanley upped their target price 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 target price on Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Wolfe Research began coverage on Verisk Analytics in a research note on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $311.00.

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.

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