TD Private Client Wealth LLC Decreases Stake in Verisk Analytics, Inc. $VRSK

Key Points

• TD Private Client Wealth LLC reduced its stake in Verisk Analytics by 8.7% during the second quarter, now holding 12,057 shares worth approximately $3.76 million.
• Verisk Analytics reported a quarterly earnings per share (EPS) of $1.88, surpassing the consensus estimate of $1.77, with a revenue of $772.6 million.
• The company declared a quarterly dividend of $0.45 per share, scheduled to be paid on September 30th, reflecting an annualized yield of 0.7%.

TD Private Client Wealth LLC cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 8.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,057 shares of the business services provider's stock after selling 1,153 shares during the period. TD Private Client Wealth LLC's holdings in Verisk Analytics were worth $3,756,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Louisbourg Investments Inc. purchased a new position in shares of Verisk Analytics in the first quarter valued at $25,000. Global Financial Private Client LLC lifted its position in Verisk Analytics by 966.7% during the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock valued at $38,000 after purchasing an additional 116 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Verisk Analytics in the 1st quarter worth $48,000. GW&K Investment Management LLC increased its holdings in shares of 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 buying an additional 112 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. 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 note on Thursday, July 31st. Wolfe Research started coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 target price on the stock. Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the stock an "outperform" rating in a research report on Monday, August 4th. UBS Group dropped 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. Finally, 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. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Verisk Analytics has an average rating of "Hold" and an average price target of $308.09.

Insider Activity

In other Verisk Analytics news, 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 transaction of $294,811.00. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction 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. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,265 shares of company stock valued at $4,002,332. Company insiders own 0.46% of the company's stock.

Verisk Analytics Trading Up 0.3%

VRSK stock opened at $242.95 on Thursday. Verisk Analytics, Inc. has a 12 month low of $239.83 and a 12 month high of $322.92. The firm's 50-day moving average is $270.00 and its 200 day moving average is $290.18. The company has a market capitalization of $33.94 billion, a PE ratio of 37.43, a P/E/G ratio of 3.44 and a beta of 0.86. 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 quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.