Verisk Analytics, Inc. $VRSK Stock Position Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Verisk Analytics by 9.6%, selling 17,641 shares, and now holds 166,621 shares valued at approximately $49.59 million.
• Insider Nicholas Daffan sold 5,419 shares for about $1.63 million, decreasing his ownership in the company by 8.84%, while director Christopher John Perry increased his stake by 129.37% with a purchase of 1,000 shares.
• Analyst ratings for Verisk Analytics vary, with four giving it a Buy rating and one a Sell rating; the average target price for the stock is currently $305.60.

Wellington Management Group LLP reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,621 shares of the business services provider's stock after selling 17,641 shares during the quarter. Wellington Management Group LLP owned about 0.12% of Verisk Analytics worth $49,590,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. bought a new position in Verisk Analytics during the 1st quarter worth $25,000. Global Financial Private Client LLC grew its stake in 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 worth $38,000 after buying an additional 116 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Verisk Analytics during the 4th quarter worth $39,000. Wayfinding Financial LLC bought a new position in Verisk Analytics during the 1st quarter worth $48,000. Finally, GW&K Investment Management LLC grew its stake in Verisk Analytics by 186.7% during 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. 90.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target 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. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the company an "outperform" rating in a research note on Monday, August 4th. UBS Group decreased their target price on 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, Robert W. Baird raised their target price on Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $305.60.

Verisk Analytics Trading Down 0.6%

Shares of NASDAQ VRSK traded down $1.62 during mid-day trading on Thursday, hitting $266.09. 340,187 shares of the company traded hands, compared to its average volume of 905,912. Verisk Analytics, Inc. has a 1 year low of $259.01 and a 1 year high of $322.92. The stock has a market capitalization of $37.17 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 3.80 and a beta of 0.83. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. The business has a 50 day moving average of $288.47 and a two-hundred day moving average of $295.16.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 currently 27.73%.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry acquired 1,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $259.80 per share, with a total value of $259,800.00. Following the purchase, the director owned 1,773 shares in the company, valued at approximately $460,625.40. The trade was a 129.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Daffan sold 5,419 shares of the stock in a transaction dated Thursday, July 3rd. The stock was 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. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,620 shares of company stock worth $7,862,427. 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.