Geode Capital Management LLC Buys 33,213 Shares of Verisk Analytics, Inc. $VRSK

Geode Capital Management LLC lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,011,295 shares of the business services provider’s stock after buying an additional 33,213 shares during the quarter. Geode Capital Management LLC’s holdings in Verisk Analytics were worth $1,249,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSK. Vanguard Group Inc. increased its stake in shares of Verisk Analytics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock worth $4,980,251,000 after purchasing an additional 239,483 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Verisk Analytics by 0.5% in the 1st quarter. Alliancebernstein L.P. now owns 5,235,090 shares of the business services provider’s stock valued at $1,558,067,000 after purchasing an additional 25,010 shares during the last quarter. Invesco Ltd. grew its holdings in Verisk Analytics by 36.0% during the first quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock worth $669,958,000 after purchasing an additional 596,225 shares during the period. Nuveen LLC acquired a new position in Verisk Analytics during the first quarter worth approximately $508,611,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Verisk Analytics by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock valued at $507,219,000 after buying an additional 283,238 shares during the period. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Down 1.1%

VRSK stock opened at $212.91 on Thursday. Verisk Analytics, Inc. has a 52 week low of $196.99 and a 52 week high of $322.92. The business has a 50-day simple moving average of $240.06 and a 200 day simple moving average of $276.17. The company has a quick ratio of 1.53, a current ratio of 1.19 and a debt-to-equity ratio of 8.55. The company has a market cap of $29.67 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Verisk Analytics had a net margin of 30.42% and a return on equity of 425.42%. The company had revenue of $768.30 million during the quarter, compared to analysts’ expectations of $776.04 million. During the same period in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Verisk Analytics’s dividend payout ratio (DPR) is presently 27.44%.

Insider Activity at Verisk Analytics

In related news, CEO Lee Shavel sold 1,100 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $268.01, for a total value of $294,811.00. Following the sale, the chief executive officer directly owned 78,907 shares of the company’s stock, valued at $21,147,865.07. This trade represents a 1.37% 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 firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the completion of the sale, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 1,450 shares of company stock worth $314,663 and have sold 8,520 shares worth $2,255,396. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research reports. Barclays raised Verisk Analytics from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $310.00 to $275.00 in a report on Thursday, October 30th. Wells Fargo & Company cut their price objective on shares of Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. UBS Group lowered their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price target on Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Seaport Res Ptn raised Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $282.14.

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.