Nordea Investment Management AB Has $107 Million Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• Nordea Investment Management AB reduced its stake in Verisk Analytics by 13.6%, holding 347,285 shares valued at $107 million after selling 54,847 shares in the second quarter.
• Verisk Analytics reported a quarterly earnings per share (EPS) of $1.88, surpassing expectations by $0.11, with a revenue increase of 7.8% year-over-year.
• The company declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80, representing a yield of 0.8% and a dividend payout ratio of 27.73%.

Nordea Investment Management AB reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,285 shares of the business services provider's stock after selling 54,847 shares during the quarter. Nordea Investment Management AB owned 0.25% of Verisk Analytics worth $107,004,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Praxis Investment Management Inc. raised its stake in Verisk Analytics by 47.3% during the 2nd quarter. Praxis Investment Management Inc. now owns 2,770 shares of the business services provider's stock valued at $863,000 after purchasing an additional 890 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $320,000. Callahan Advisors LLC increased its holdings in Verisk Analytics by 16.1% in the 2nd quarter. Callahan Advisors LLC now owns 20,367 shares of the business services provider's stock valued at $6,344,000 after buying an additional 2,823 shares during the period. Mutual Advisors LLC increased its holdings in Verisk Analytics by 42.5% in the 2nd quarter. Mutual Advisors LLC now owns 1,231 shares of the business services provider's stock valued at $367,000 after buying an additional 367 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in Verisk Analytics by 19.4% in the 2nd quarter. Ritholtz Wealth Management now owns 3,358 shares of the business services provider's stock valued at $1,046,000 after buying an additional 545 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Stock Up 1.4%

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

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

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Verisk Analytics's dividend payout ratio is 27.73%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer directly owned 14,865 shares in the company, valued at approximately $3,600,748.95. This represents a 1.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher John Perry bought 1,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the completion of the transaction, the director owned 1,773 shares in the company, 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 have sold 8,520 shares of company stock worth $2,255,396 in the last 90 days. Corporate insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRSK. Seaport Res Ptn raised shares of Verisk Analytics to a "strong-buy" rating in a report on Wednesday, October 1st. Wolfe Research began coverage on shares of Verisk Analytics in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 target price on the stock. Morgan Stanley upped their target price 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. Rothschild Redb lowered shares of Verisk Analytics from a "hold" rating to a "strong sell" rating in a report on Thursday. Finally, Evercore ISI lowered their target price on shares of Verisk Analytics from $292.00 to $262.00 and set an "in-line" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics presently has a consensus rating of "Hold" and an average target price of $299.33.

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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