MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Verisk Analytics by 8.8%, acquiring an additional 8,835 shares during the first quarter, bringing its total to 109,763 shares valued at $32.67 million.
• Verisk Analytics reported better-than-expected earnings of $1.88 per share, exceeding estimates by $0.11, with a revenue of $772.60 million for the quarter, a 7.8% increase from the previous year.
• The company declared a quarterly dividend of $0.45 per share, payable on September 30th, reflecting a 0.7% yield and a 27.73% dividend payout ratio.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,763 shares of the business services provider's stock after purchasing an additional 8,835 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Verisk Analytics worth $32,668,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Louisbourg Investments Inc. acquired a new stake in shares of Verisk Analytics during the first quarter worth approximately $25,000. Global Financial Private Client LLC lifted its stake in Verisk Analytics by 966.7% in the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock valued at $38,000 after buying an additional 116 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Verisk Analytics during the fourth quarter valued at about $39,000. Wayfinding Financial LLC bought a new stake in shares of Verisk Analytics during the first quarter valued at about $48,000. Finally, GW&K Investment Management LLC grew its holdings in Verisk Analytics by 186.7% during the first quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider's stock worth $51,000 after acquiring an additional 112 shares during the period. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Verisk Analytics

In other news, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $259.80 per share, with a total value of $259,800.00. Following the completion of the purchase, the director owned 1,773 shares in the company, valued at approximately $460,625.40. The trade was a 129.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $294,811.00. Following the sale, the chief executive officer owned 78,907 shares of the company's stock, valued at $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,621 shares of company stock worth $7,574,943 over the last 90 days. 0.46% of the stock is owned by corporate insiders.

Verisk Analytics Stock Down 1.6%

NASDAQ VRSK traded down $4.37 during trading hours on Tuesday, reaching $268.66. 902,688 shares of the company's stock were exchanged, compared to its average volume of 975,781. Verisk Analytics, Inc. has a one year low of $259.01 and a one year high of $322.92. 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's 50-day moving average is $281.36 and its two-hundred day moving average is $293.58. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 3.87 and a beta of 0.86.

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 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 the consensus estimate of $767.91 million. During the same quarter last year, the firm earned $1.74 earnings per share. The firm'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. On average, analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company 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. The ex-dividend date is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's payout ratio is presently 27.73%.

Analyst Upgrades and Downgrades

VRSK has been the topic of several research analyst reports. Morgan Stanley lifted 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. UBS Group cut their price target on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report 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 on the stock. Finally, Raymond James Financial set a $315.00 price objective on Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $306.91.

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.