Verisk Analytics, Inc. $VRSK Shares Sold by Truist Financial Corp

Key Points

• Truist Financial Corp reduced its stake in Verisk Analytics by 25.1%, selling 16,694 shares and holding 49,932 shares worth approximately $15.55 million.
• Verisk Analytics reported $1.88 earnings per share for the latest quarter, exceeding expectations and showing a 7.8% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized yield of 0.7% with a payout ratio of 27.73%.

Truist Financial Corp lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,932 shares of the business services provider's stock after selling 16,694 shares during the quarter. Truist Financial Corp's holdings in Verisk Analytics were worth $15,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Louisbourg Investments Inc. purchased a new position in shares of Verisk Analytics during the first quarter worth $25,000. Wayfinding Financial LLC purchased a new position in shares of Verisk Analytics in the 1st quarter valued at about $48,000. GW&K Investment Management LLC boosted its position in Verisk Analytics by 186.7% during the first 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 in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Verisk Analytics in the 1st quarter valued at $52,000. Finally, WPG Advisers LLC acquired a new position in shares of Verisk Analytics during the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Price Performance

Shares of VRSK opened at $249.04 on Friday. 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, Inc. has a 1-year low of $239.83 and a 1-year high of $322.92. The stock has a market cap of $34.79 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 3.53 and a beta of 0.85. The firm has a fifty day moving average price of $262.88 and a 200 day moving average price of $288.12.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. Verisk Analytics's dividend payout ratio is currently 27.73%.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $254.72, for a total transaction of $76,416.00. Following the transaction, the chief financial officer owned 15,165 shares of the company's stock, valued at $3,862,828.80. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicholas Daffan sold 5,420 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the completion of the transaction, the insider owned 54,337 shares in the company, valued at $14,399,305. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,520 shares of company stock valued at $2,273,891. Company insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wolfe Research began coverage on Verisk Analytics in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $320.00 price target for the company. 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 report on Thursday, July 31st. Morgan Stanley increased 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 note on Thursday, July 31st. Seaport Res Ptn upgraded Verisk Analytics to a "strong-buy" rating in a report on Wednesday. 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 report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Verisk Analytics has a consensus rating of "Moderate Buy" and an average target price of $311.00.

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.

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