Verisk Analytics, Inc. $VRSK Shares Bought by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,713 shares of the business services provider’s stock after purchasing an additional 1,737 shares during the quarter. Eventide Asset Management LLC’s holdings in Verisk Analytics were worth $26,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Verisk Analytics by 225.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider’s stock worth $4,440,000 after buying an additional 10,331 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in Verisk Analytics during the first quarter worth about $237,000. Oppenheimer & Co. Inc. acquired a new stake in Verisk Analytics in the first quarter valued at about $202,000. Vontobel Holding Ltd. boosted its holdings in Verisk Analytics by 21.9% in the 1st quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider’s stock valued at $23,157,000 after purchasing an additional 13,995 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in Verisk Analytics by 88.4% in the 1st quarter. Summit Trail Advisors LLC now owns 2,018 shares of the business services provider’s stock valued at $601,000 after purchasing an additional 947 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares of the company’s stock, valued at approximately $21,147,865.07. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 directly owned 54,337 shares of the company’s stock, valued at $14,399,305. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,621 shares of company stock valued at $7,574,943. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VRSK has been the subject of a number of analyst reports. Wolfe Research began coverage on Verisk Analytics in a research note on Wednesday. They set an “outperform” rating and a $320.00 target price for the company. Morgan Stanley upped their price objective on Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. 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 report on Thursday, May 8th. UBS Group lowered their price target on shares of 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, Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an “outperform” rating in a research note on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $306.91.

Verisk Analytics Price Performance

VRSK stock opened at $268.44 on Thursday. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s 50 day moving average price is $284.49 and its 200 day moving average price is $294.23. The firm has a market cap of $37.51 billion, a P/E ratio of 41.36, a PEG ratio of 3.80 and a beta of 0.86. Verisk Analytics, Inc. has a 1 year low of $259.01 and a 1 year high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data 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 business had revenue of $772.60 million for 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%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 earnings per share. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics’s dividend payout ratio (DPR) is currently 27.73%.

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.