Retirement Systems of Alabama Sells 328 Shares of Verisk Analytics, Inc. $VRSK

Retirement Systems of Alabama lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 30,017 shares of the business services provider’s stock after selling 328 shares during the period. Retirement Systems of Alabama’s holdings in Verisk Analytics were worth $9,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRSK. Private Trust Co. NA increased its holdings in Verisk Analytics by 10.2% during the 1st quarter. Private Trust Co. NA now owns 389 shares of the business services provider’s stock worth $116,000 after acquiring an additional 36 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of Verisk Analytics in the 1st quarter worth $280,000. IFM Investors Pty Ltd increased its holdings in shares of Verisk Analytics by 10.0% in the 1st quarter. IFM Investors Pty Ltd now owns 30,740 shares of the business services provider’s stock worth $9,149,000 after buying an additional 2,805 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Verisk Analytics by 3.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,682 shares of the business services provider’s stock worth $1,096,000 after buying an additional 126 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Verisk Analytics in the 1st quarter worth $48,000. Institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings lowered shares of Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. decreased their price target on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank Of Canada decreased their price target on shares of Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, UBS Group decreased their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $282.14.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock opened at $218.76 on Monday. Verisk Analytics, Inc. has a 52-week low of $196.99 and a 52-week high of $322.92. The stock has a market capitalization of $30.56 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. The company has a fifty day moving average of $248.48 and a 200-day moving average of $280.29. 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 (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.67 EPS. The firm’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 expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Verisk Analytics’s dividend payout ratio is presently 27.44%.

Insider Activity

In other news, Director Christopher John Perry purchased 1,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $259.80 per share, with a total value of $259,800.00. Following the transaction, the director directly owned 1,773 shares of the company’s stock, valued at approximately $460,625.40. This represents a 129.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the stock in a transaction 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,520 shares of company stock worth $2,255,396. 0.46% of the stock is currently owned by corporate insiders.

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.