EFG Asset Management Americas Corp. Reduces Stock Position in Verisk Analytics, Inc. $VRSK

EFG Asset Management Americas Corp. lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 41.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 18,365 shares of the business services provider’s stock after selling 12,837 shares during the period. EFG Asset Management Americas Corp.’s holdings in Verisk Analytics were worth $5,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRSK. Vanguard Group Inc. increased its stake in shares of Verisk Analytics by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,894,802 shares of the business services provider’s stock worth $5,262,731,000 after acquiring an additional 161,213 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Verisk Analytics by 10.2% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 754 shares of the business services provider’s stock worth $235,000 after purchasing an additional 70 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Verisk Analytics by 3.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 71,106 shares of the business services provider’s stock worth $22,150,000 after purchasing an additional 2,184 shares during the last quarter. Westpac Banking Corp raised its stake in Verisk Analytics by 23.2% during the second quarter. Westpac Banking Corp now owns 1,338 shares of the business services provider’s stock worth $417,000 after purchasing an additional 252 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its holdings in Verisk Analytics by 43.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 3,286 shares of the business services provider’s stock valued at $1,023,000 after purchasing an additional 995 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, Director Gregory Hendrick bought 500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of $216.14 per share, with a total value of $108,070.00. Following the completion of the acquisition, the director directly owned 2,536 shares of the company’s stock, valued at $548,131.04. This represents a 24.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.99, for a total value of $65,097.00. Following the sale, the chief financial officer directly owned 14,565 shares of the company’s stock, valued at $3,160,459.35. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 1,450 shares of company stock worth $314,663 and sold 7,420 shares worth $1,889,171. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRSK. Rothschild & Co Redburn restated a “sell” rating and set a $220.00 price target (down previously from $280.00) on shares of Verisk Analytics in a report on Thursday, October 16th. Wells Fargo & Company lowered their price objective on Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the stock an “outperform” rating in a research note on Monday, August 4th. UBS Group decreased their price target 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. Finally, Royal Bank Of Canada dropped their price target on shares of Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $282.14.

Verisk Analytics Trading Up 0.9%

Shares of VRSK stock opened at $224.87 on Thursday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.53 and a current ratio of 1.19. Verisk Analytics, Inc. has a fifty-two week low of $196.99 and a fifty-two week high of $322.92. The stock has a market capitalization of $31.34 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. The company has a 50 day moving average price of $235.17 and a 200 day moving average price of $273.62.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The business had revenue of $768.30 million for the quarter, compared to analyst estimates of $776.04 million. During the same quarter in the prior year, the company earned $1.67 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Equities research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

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

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.