Parnassus Investments LLC Has $347.59 Million Stock Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• Parnassus Investments LLC sold 809,664 shares of Verisk Analytics, reducing its stake by 40.9%, and now holds approximately 0.83% of the company’s shares, valued at around $347.6 million.
• Verisk Analytics reported $1.88 EPS for its latest quarter, exceeding analyst expectations of $1.77, with a total revenue of $772.6 million, reflecting a year-over-year revenue increase of 7.8%.
• The company declared a quarterly dividend of $0.45 per share, set to be paid on September 30th, representing an annualized yield of 0.7%.

Parnassus Investments LLC lowered its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 40.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,167,895 shares of the business services provider's stock after selling 809,664 shares during the period. Parnassus Investments LLC owned approximately 0.83% of Verisk Analytics worth $347,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cullen Frost Bankers Inc. grew its holdings in shares of Verisk Analytics by 1.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock valued at $945,000 after acquiring an additional 35 shares in the last quarter. Bennett Selby Investments LP boosted its position in Verisk Analytics by 3.1% during the first quarter. Bennett Selby Investments LP now owns 1,208 shares of the business services provider's stock valued at $359,000 after purchasing an additional 36 shares during the last quarter. Private Trust Co. NA grew its stake in Verisk Analytics by 10.2% in the first quarter. Private Trust Co. NA now owns 389 shares of the business services provider's stock valued at $116,000 after purchasing an additional 36 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Verisk Analytics by 3.3% during the 1st quarter. Frank Rimerman Advisors LLC now owns 1,177 shares of the business services provider's stock worth $350,000 after purchasing an additional 38 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC raised its position in Verisk Analytics by 1.0% during the first quarter. Kirtland Hills Capital Management LLC now owns 3,993 shares of the business services provider's stock valued at $1,170,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company's stock.

Insider Transactions at Verisk Analytics

In other news, Director Christopher John Perry bought 1,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was bought 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 directly owned 1,773 shares in the company, valued at $460,625.40. The trade was a 129.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the firm's stock in a transaction dated 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 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. In the last quarter, insiders have sold 25,620 shares of company stock worth $7,862,427. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group reduced their price objective 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. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley boosted their price objective on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of "Hold" and an average price target of $305.60.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock traded down $3.08 during trading on Tuesday, hitting $265.05. 846,083 shares of the company's stock traded hands, compared to its average volume of 905,644. Verisk Analytics, Inc. has a twelve month low of $259.01 and a twelve month high of $322.92. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $37.03 billion, a PE ratio of 40.84, a PEG ratio of 3.80 and a beta of 0.86. The firm's fifty day moving average price is $286.10 and its 200 day moving average price is $294.61.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's dividend payout ratio (DPR) is currently 27.73%.

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.