Vident Advisory LLC Trims Stake in Verisk Analytics, Inc. $VRSK

Key Points

• Vident Advisory LLC reduced its stake in Verisk Analytics by 17.0%, selling 3,360 shares and now holding 16,362 shares valued at approximately $4.87 million.
• Verisk Analytics reported $1.88 earnings per share (EPS) for the last quarter, beating expectations, with a year-over-year revenue increase of 7.8%.
• The company declared a new quarterly dividend of $0.45 per share, with an annualized yield of 0.7%, to be paid on September 30th.

Vident Advisory LLC cut its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 17.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,362 shares of the business services provider's stock after selling 3,360 shares during the quarter. Vident Advisory LLC's holdings in Verisk Analytics were worth $4,870,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its stake in Verisk Analytics by 1.1% in the first quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock valued at $945,000 after buying an additional 35 shares in the last quarter. Bennett Selby Investments LP raised its position in Verisk Analytics by 3.1% in the first quarter. Bennett Selby Investments LP now owns 1,208 shares of the business services provider's stock valued at $359,000 after purchasing an additional 36 shares during the last quarter. Private Trust Co. NA raised its position in Verisk Analytics by 10.2% in the first quarter. Private Trust Co. NA now owns 389 shares of the business services provider's stock valued at $116,000 after purchasing an additional 36 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in Verisk Analytics by 3.3% in the first quarter. Frank Rimerman Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $350,000 after purchasing an additional 38 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC raised its position in Verisk Analytics by 1.0% in the first quarter. Kirtland Hills Capital Management LLC now owns 3,993 shares of the business services provider's stock valued at $1,170,000 after purchasing an additional 41 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Stock Up 0.5%

Shares of NASDAQ:VRSK traded up $1.26 during mid-day trading on Thursday, hitting $269.70. 538,480 shares of the company traded hands, compared to its average volume of 906,039. The stock has a market cap of $37.68 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.80 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. Verisk Analytics, Inc. has a 12-month low of $259.01 and a 12-month high of $322.92. The stock has a 50-day moving average price of $284.49 and a two-hundred day moving average price of $294.23.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.Verisk Analytics's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, equities research analysts forecast 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. Investors of record on Monday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 15th. Verisk Analytics's dividend payout ratio (DPR) is 27.73%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 5,420 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total value of $1,436,300.00. Following the sale, the insider directly owned 54,337 shares in the company, valued at $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $268.00, for a total value of $80,400.00. Following the completion of the sale, the chief financial officer owned 15,465 shares in the company, valued at approximately $4,144,620. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,621 shares of company stock valued at $7,574,943 in the last ninety days. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRSK has been the subject of several research reports. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the company an "outperform" rating in a research report on Monday, August 4th. UBS Group dropped their target price on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Wolfe Research started coverage on Verisk Analytics in a research report on Wednesday. They set an "outperform" rating and a $320.00 price objective for the company. Morgan Stanley raised their price objective on Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird raised their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $306.91.

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.