Verisk Analytics, Inc. to Post FY2024 Earnings of $6.50 Per Share, William Blair Forecasts (NASDAQ:VRSK)

Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) - Research analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Verisk Analytics in a research report issued on Wednesday, May 1st. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $6.50 for the year, up from their prior forecast of $6.46. The consensus estimate for Verisk Analytics' current full-year earnings is $6.53 per share. William Blair also issued estimates for Verisk Analytics' Q4 2024 earnings at $1.62 EPS.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. The company had revenue of $704.00 million for the quarter, compared to analysts' expectations of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.

Several other equities analysts have also commented on VRSK. BMO Capital Markets increased their price objective on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a "market perform" rating in a research report on Thursday. Bank of America downgraded Verisk Analytics from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $260.00 in a report on Monday, January 8th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $250.00 price target on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $254.31.

Verisk Analytics Stock Up 1.9 %

Shares of Verisk Analytics stock traded up $4.53 on Monday, reaching $241.86. The stock had a trading volume of 892,941 shares, compared to its average volume of 906,348. Verisk Analytics has a 1 year low of $209.02 and a 1 year high of $251.98. The company has a 50 day moving average price of $231.39 and a 200 day moving average price of $236.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of $34.51 billion, a P/E ratio of 45.12, a P/E/G ratio of 2.90 and a beta of 0.79.

Institutional Investors Weigh In On Verisk Analytics

Several hedge funds and other institutional investors have recently made changes to their positions in VRSK. OFI Invest Asset Management acquired a new position in Verisk Analytics in the first quarter valued at $28,000. CVA Family Office LLC acquired a new position in Verisk Analytics in the 4th quarter valued at about $30,000. Frazier Financial Advisors LLC purchased a new stake in Verisk Analytics during the 4th quarter valued at approximately $32,000. DSM Capital Partners LLC acquired a new stake in Verisk Analytics during the 4th quarter worth approximately $33,000. Finally, Global Retirement Partners LLC grew its stake in shares of Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider's stock valued at $36,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the sale, the insider now directly owns 50,208 shares in the company, valued at $12,514,344. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Verisk Analytics news, insider Nicholas Daffan sold 1,507 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $249.25, for a total transaction of $375,619.75. Following the sale, the insider now directly owns 50,208 shares in the company, valued at $12,514,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 227 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the transaction, the insider now directly owns 7,796 shares of the company's stock, valued at approximately $1,852,407.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,300 shares of company stock valued at $2,647,952. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.65%. Verisk Analytics's dividend payout ratio is currently 29.10%.

Verisk Analytics declared that its board has authorized a share repurchase plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.