TBH Global Asset Management LLC Reduces Stock Holdings in Verisk Analytics, Inc. $VRSK

Key Points

• TBH Global Asset Management LLC reduced its stake in Verisk Analytics by 14.4%, now holding 7,211 shares worth approximately $2.25 million.
• Recent reports indicate that Verisk Analytics has received mixed ratings from analysts, with an average price target of $308.09 and five analysts rating it as a Buy.
• Verisk Analytics recently announced a quarterly dividend of $0.45 per share, with the payout reflecting a yield of 0.7% and a payout ratio of 27.73%.

TBH Global Asset Management LLC reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,211 shares of the business services provider's stock after selling 1,210 shares during the quarter. TBH Global Asset Management LLC's holdings in Verisk Analytics were worth $2,246,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Verisk Analytics by 225.2% during the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after purchasing an additional 10,331 shares during the period. Voya Investment Management LLC increased its stake in shares of Verisk Analytics by 24.1% in the first quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider's stock worth $90,076,000 after purchasing an additional 58,954 shares in the last quarter. Insight Wealth Strategies LLC bought a new stake in shares of Verisk Analytics during the 2nd quarter valued at $3,860,000. Simon Quick Advisors LLC purchased a new position in shares of Verisk Analytics during the 1st quarter valued at $237,000. Finally, Dakota Wealth Management boosted its holdings in Verisk Analytics by 24.0% in the 2nd quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider's stock worth $6,774,000 after buying an additional 4,206 shares during the period. Institutional investors own 90.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VRSK. Wolfe Research began coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price objective on the stock. Wells Fargo & Company dropped their price target on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Morgan Stanley increased their price objective on shares of Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. UBS Group lowered their target price 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. Finally, Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Verisk Analytics presently has an average rating of "Hold" and an average price target of $308.09.

Verisk Analytics Trading Up 1.2%

VRSK stock opened at $247.07 on Friday. The firm has a fifty day moving average price of $267.73 and a 200 day moving average price of $289.51. Verisk Analytics, Inc. has a fifty-two week low of $239.83 and a fifty-two week high of $322.92. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $34.52 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 3.50 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings results 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. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The company had revenue of $772.60 million for the quarter, compared to the consensus estimate of $767.91 million. During the same quarter in the prior year, the firm earned $1.74 earnings per share. Verisk Analytics's revenue was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's payout ratio is presently 27.73%.

Insider Activity at Verisk Analytics

In other news, Director Christopher John Perry acquired 1,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $259.80 per share, with a total value of $259,800.00. Following the completion of the purchase, the director directly owned 1,773 shares of the company's stock, valued at $460,625.40. This represents a 129.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares in the company, valued at $21,147,865.07. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,265 shares of company stock valued at $4,002,332 over the last ninety days. 0.46% of the stock is currently owned by company insiders.

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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