Shell Asset Management Co. Buys 2,453 Shares of Verisk Analytics, Inc. $VRSK

Key Points

• Shell Asset Management Co. increased its stake in Verisk Analytics by 70.3%, owning a total of 5,944 shares worth approximately $1.85 million after acquiring an additional 2,453 shares.
• Verisk Analytics reported earnings of $1.88 EPS for the latest quarter, exceeding analysts' expectations, alongside revenues of $772.60 million, marking a 7.8% increase year-over-year.
• The company declared a quarterly dividend of $0.45, which translates to an annual yield of 0.7%, with a payout ratio of 27.73%.

Shell Asset Management Co. boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 70.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,944 shares of the business services provider's stock after purchasing an additional 2,453 shares during the quarter. Shell Asset Management Co.'s holdings in Verisk Analytics were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Louisbourg Investments Inc. bought a new position in Verisk Analytics in the 1st quarter worth about $25,000. Wayfinding Financial LLC bought a new position in Verisk Analytics in the 1st quarter worth about $48,000. Ameritas Advisory Services LLC bought a new position in Verisk Analytics in the 2nd quarter worth about $48,000. GW&K Investment Management LLC boosted 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 worth $51,000 after purchasing an additional 112 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Verisk Analytics during the 1st quarter valued at about $52,000. Institutional investors own 90.00% of the company's stock.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $243.48 on Thursday. The business has a 50 day moving average of $260.29 and a 200 day moving average of $287.24. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 3.48 and a beta of 0.85. Verisk Analytics, Inc. has a 1-year low of $239.83 and a 1-year 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.

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 analysts' consensus estimates of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, sell-side analysts predict 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. Shareholders of record on Monday, September 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. Verisk Analytics's payout ratio is 27.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VRSK shares. Morgan Stanley upped their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Wolfe Research started coverage on shares of Verisk Analytics in a research report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective on the stock. Seaport Res Ptn upgraded shares of Verisk Analytics to a "strong-buy" rating in a research report on Wednesday, October 1st. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company decreased 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Verisk Analytics presently has a consensus rating of "Moderate Buy" and an average price target of $311.00.

Insider Buying and Selling

In related news, Director Christopher John Perry purchased 1,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average cost of $259.80 per share, with a total value of $259,800.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction that occurred on Monday, August 18th. The stock was 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 directly owned 78,907 shares in the company, valued at $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 8,520 shares of company stock valued at $2,273,891 over the last quarter. Company insiders own 0.46% of the company's stock.

Verisk Analytics Company 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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