Public Employees Retirement System of Ohio Cuts Stake in Verisk Analytics, Inc. $VRSK

Key Points

• The Public Employees Retirement System of Ohio has reduced its stake in Verisk Analytics by 4.3%, currently holding approximately 70,415 shares valued at $21.93 million.
• Analysts have mixed ratings for Verisk Analytics, with a consensus rating of "Hold" and a price target averaging $308.09.
• Verisk Analytics is set to pay a quarterly dividend of $0.45 on September 30th, representing an annualized yield of 0.7%.

Public Employees Retirement System of Ohio reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 4.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,415 shares of the business services provider's stock after selling 3,140 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Verisk Analytics worth $21,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its position in shares of Verisk Analytics by 1.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock worth $945,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. grew its position in Verisk Analytics by 0.4% during the 2nd quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider's stock valued at $2,809,000 after purchasing an additional 35 shares during the last quarter. Bennett Selby Investments LP grew its position in Verisk Analytics by 3.1% during the 1st 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 position in Verisk Analytics by 10.2% during the 1st 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 during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings 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 valued at $350,000 after acquiring an additional 38 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Wolfe Research started coverage on shares of Verisk Analytics in a research note on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Morgan Stanley lifted their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an "outperform" rating in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $308.09.

Verisk Analytics Stock Up 0.5%

NASDAQ:VRSK opened at $244.06 on Friday. Verisk Analytics, Inc. has a twelve month low of $239.83 and a twelve month high of $322.92. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86. The stock has a fifty day simple moving average of $268.83 and a 200-day simple moving average of $289.80. 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 released 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. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. During the same period last year, the company earned $1.74 earnings per share. 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. Analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

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

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total value of $76,416.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total transaction of $294,811.00. Following the completion of the sale, the chief executive officer directly owned 78,907 shares of the company's stock, valued at approximately $21,147,865.07. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,265 shares of company stock valued at $4,002,332 over the last quarter. 0.46% of the stock is owned by company insiders.

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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