Verisk Analytics, Inc. $VRSK Shares Sold by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC reduced its stake in Verisk Analytics by 5.3%, owning 315,086 shares after selling 17,478 shares in the 2nd quarter, which represents 1.6% of its portfolio.
• Verisk Analytics has an average price target of $308.09 from analysts, with ratings ranging from Buy to Hold, but one analyst has given a Sell rating.
• The company recently declared a quarterly dividend of $0.45 per share, which will be paid on September 30th, yielding an annualized dividend of 0.7%.

Riverbridge Partners LLC trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,086 shares of the business services provider's stock after selling 17,478 shares during the period. Verisk Analytics comprises about 1.6% of Riverbridge Partners LLC's portfolio, making the stock its 21st largest holding. Riverbridge Partners LLC owned approximately 0.23% of Verisk Analytics worth $98,149,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VRSK. Cullen Frost Bankers Inc. lifted its stake in Verisk Analytics by 1.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock worth $945,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. lifted its stake in Verisk Analytics by 0.4% in the 2nd quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider's stock worth $2,809,000 after purchasing an additional 35 shares in the last quarter. Bennett Selby Investments LP lifted its stake in Verisk Analytics by 3.1% in the 1st quarter. Bennett Selby Investments LP now owns 1,208 shares of the business services provider's stock worth $359,000 after purchasing an additional 36 shares in the last quarter. Private Trust Co. NA lifted its stake in Verisk Analytics by 10.2% in the 1st quarter. Private Trust Co. NA now owns 389 shares of the business services provider's stock worth $116,000 after purchasing an additional 36 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in Verisk Analytics by 3.3% in the 1st quarter. Frank Rimerman Advisors LLC now owns 1,177 shares of the business services provider's stock worth $350,000 after purchasing an additional 38 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRSK has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of Verisk Analytics in a research note on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the stock an "outperform" rating in a research note on Monday, August 4th. UBS Group reduced 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 report on Thursday, July 31st. 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 report on Thursday, July 31st. Five investment 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. According to data from MarketBeat, Verisk Analytics presently has an average rating of "Hold" and an average target price of $308.09.

Verisk Analytics Stock Up 0.3%

Verisk Analytics stock opened at $242.95 on Thursday. 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 50 day moving average price of $270.00 and a 200 day moving average price of $290.18. The company has a market capitalization of $33.94 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. During the same quarter last year, the firm earned $1.74 EPS. The firm'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. Research analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.45 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. Verisk Analytics's payout ratio is 27.73%.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $254.72, for a total value of $76,416.00. Following the completion of the transaction, the chief financial officer owned 15,165 shares in the company, valued at $3,862,828.80. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher John Perry purchased 1,000 shares of the company's stock in a transaction 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 purchase, the director owned 1,773 shares of the company's stock, valued at approximately $460,625.40. This represents a 129.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 14,265 shares of company stock valued at $4,002,332. Corporate 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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