New York State Teachers Retirement System Sells 3,136 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• The New York State Teachers Retirement System reduced its stake in Verisk Analytics by 3.1% in the 2nd quarter, now owning 96,669 shares valued at approximately $30.1 million.
• Verisk Analytics reported $1.88 EPS for the latest quarter, exceeding estimates by $0.11, and had revenue of $772.6 million, reflecting a year-over-year increase of 7.8%.
• The company announced a quarterly dividend of $0.45 per share, with a current dividend yield of 0.8% and a payout ratio of 27.73%.

New York State Teachers Retirement System decreased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,669 shares of the business services provider's stock after selling 3,136 shares during the period. New York State Teachers Retirement System owned 0.07% of Verisk Analytics worth $30,112,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new stake in Verisk Analytics in the 2nd quarter valued at about $41,000. Wayfinding Financial LLC acquired a new stake in Verisk Analytics in the 1st quarter valued at about $48,000. Ameritas Advisory Services LLC acquired a new stake in Verisk Analytics in the 2nd quarter valued at about $48,000. GW&K Investment Management LLC lifted its stake in Verisk Analytics by 186.7% in the 1st quarter. GW&K Investment Management LLC now owns 172 shares of the business services provider's stock valued at $51,000 after purchasing an additional 112 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Verisk Analytics in the 1st quarter valued at about $52,000. Institutional investors own 90.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Verisk Analytics in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of 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 target price on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Evercore ISI cut their price objective on shares of Verisk Analytics from $292.00 to $262.00 and set an "in-line" rating for the company in a research report on Tuesday. Finally, Rothschild Redb downgraded shares of Verisk Analytics from a "hold" rating to a "strong sell" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $299.33.

Verisk Analytics Stock Up 1.4%

Shares of VRSK opened at $232.34 on Friday. Verisk Analytics, Inc. has a 12 month low of $228.09 and a 12 month high of $322.92. The firm's 50 day moving average is $256.24 and its 200-day moving average is $284.64. The stock has a market capitalization of $32.46 billion, a PE ratio of 35.80, a P/E/G ratio of 3.01 and a beta of 0.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping 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 analysts' expectations of $767.91 million. During the same period last year, the firm earned $1.74 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Verisk Analytics's dividend payout ratio (DPR) is currently 27.73%.

Insider Buying and Selling at Verisk Analytics

In other news, insider Nicholas Daffan sold 5,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the transaction, the insider directly owned 54,337 shares of the company's stock, valued at approximately $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher John Perry bought 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the acquisition, the director directly owned 1,773 shares of the company's stock, valued at approximately $460,625.40. This trade represents a 129.37% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 8,520 shares of company stock valued at $2,255,396 over the last ninety days. Company insiders own 0.46% of the company's stock.

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.

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