Verisk Analytics, Inc. $VRSK Shares Bought by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Verisk Analytics by 14.8% in the first quarter, owning approximately 92,602 shares valued at $27.56 million.
• Verisk Analytics reported a net margin of 30.67% and revenue of $772.60 million in the last quarter, exceeding analyst estimates.
• The company announced a quarterly dividend of $0.45, with a 0.7% yield, to be paid on September 30th to shareholders on record as of September 15th.

Korea Investment CORP grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,602 shares of the business services provider's stock after purchasing an additional 11,973 shares during the period. Korea Investment CORP owned approximately 0.07% of Verisk Analytics worth $27,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisbourg Investments Inc. acquired a new position in Verisk Analytics in the first quarter worth approximately $25,000. Global Financial Private Client LLC lifted its position in shares of Verisk Analytics by 966.7% during the 1st quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock valued at $38,000 after acquiring an additional 116 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Verisk Analytics during the 4th quarter worth $39,000. Wayfinding Financial LLC bought a new stake in shares of Verisk Analytics during the 1st quarter worth $48,000. Finally, GW&K Investment Management LLC grew 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 acquiring an additional 112 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Stock Up 2.0%

Verisk Analytics stock opened at $271.01 on Wednesday. The firm has a market cap of $37.86 billion, a PE ratio of 41.76, a P/E/G ratio of 3.76 and a beta of 0.83. 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's 50 day moving average price is $293.30 and its two-hundred day moving average price is $296.12. Verisk Analytics, Inc. has a twelve month low of $259.01 and a twelve month high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $767.91 million. During the same quarter last year, the business posted $1.74 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.45 dividend. 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 dividend payout ratio is presently 27.73%.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several analyst reports. UBS Group reduced their target price on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. 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 report on Thursday, July 31st. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Robert W. Baird lifted their target price on shares of Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics currently has a consensus rating of "Hold" and a consensus price target of $305.60.

Insider Activity at Verisk Analytics

In other news, insider Kathy Card Beckles sold 326 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total transaction of $98,080.36. Following the completion of the sale, the insider directly owned 9,319 shares of the company's stock, valued at $2,803,714.34. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Daffan sold 5,419 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total value of $1,630,360.34. Following the completion of the sale, the insider directly owned 55,913 shares of the company's stock, valued at approximately $16,821,985.18. The trade was a 8.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,620 shares of company stock worth $7,862,427. 0.46% of the stock is currently owned by corporate 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.

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