Public Sector Pension Investment Board Increases Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• The Public Sector Pension Investment Board increased its stake in Verisk Analytics by 10%, now owning 19,255 shares worth approximately $5.73 million.
• Verisk Analytics recently reported a quarterly earnings per share (EPS) of $1.88, beating estimates by $0.11, with a year-over-year revenue increase of 7.8%.
• The company declared a quarterly dividend of $0.45 per share, with the ex-dividend date set for September 15th, representing an annualized dividend yield of 0.7%.

Public Sector Pension Investment Board grew its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,255 shares of the business services provider's stock after purchasing an additional 1,753 shares during the quarter. Public Sector Pension Investment Board's holdings in Verisk Analytics were worth $5,731,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider's stock worth $4,980,251,000 after acquiring an additional 239,483 shares during the last quarter. Invesco Ltd. boosted its stake in Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider's stock worth $669,958,000 after acquiring an additional 596,225 shares during the last quarter. Nuveen LLC bought a new position in Verisk Analytics during the 1st quarter worth approximately $508,611,000. Northern Trust Corp boosted its stake in Verisk Analytics by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,639,719 shares of the business services provider's stock worth $451,628,000 after acquiring an additional 197,413 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Verisk Analytics by 4.8% during the 1st quarter. TD Asset Management Inc now owns 1,537,613 shares of the business services provider's stock worth $457,624,000 after acquiring an additional 70,571 shares during the last quarter. Institutional investors own 90.00% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the stock an "outperform" rating in a research note on Monday, August 4th. UBS Group cut their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley lifted their price target 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. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Verisk Analytics presently has an average rating of "Hold" and an average price target of $305.60.

Verisk Analytics Stock Up 0.9%

Shares of NASDAQ VRSK traded up $2.48 during midday trading on Thursday, reaching $273.33. The company's stock had a trading volume of 455,815 shares, compared to its average volume of 906,431. 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, Inc. has a fifty-two week low of $259.01 and a fifty-two week high of $322.92. The stock has a market capitalization of $38.19 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 3.84 and a beta of 0.83. The stock has a 50 day simple moving average of $292.49 and a 200-day simple moving average of $295.95.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. The company 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 revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Equities research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is 27.73%.

Insider Activity

In other news, Director Christopher John Perry acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the completion of the transaction, the director directly owned 1,773 shares of the company's stock, valued at $460,625.40. This trade represents a 129.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daffan sold 5,419 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $318.10, for a total transaction of $1,723,783.90. Following the completion of the transaction, the insider directly owned 56,701 shares of the company's stock, valued at $18,036,588.10. This trade represents a 8.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,620 shares of company stock valued at $7,862,427. 0.46% of the stock is owned by company insiders.

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.