Grandfield & Dodd LLC Cuts Position in Verisk Analytics, Inc. $VRSK

Grandfield & Dodd LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,698 shares of the business services provider’s stock after selling 1,607 shares during the period. Verisk Analytics makes up approximately 2.6% of Grandfield & Dodd LLC’s holdings, making the stock its 12th largest holding. Grandfield & Dodd LLC owned approximately 0.10% of Verisk Analytics worth $44,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Verisk Analytics in the 1st quarter worth approximately $508,611,000. Ameriprise Financial Inc. boosted its stake in shares of Verisk Analytics by 631.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider’s stock valued at $422,676,000 after purchasing an additional 1,221,798 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider’s stock valued at $669,958,000 after purchasing an additional 596,225 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Verisk Analytics by 35.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider’s stock worth $492,182,000 after purchasing an additional 434,053 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Verisk Analytics by 52.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider’s stock worth $339,586,000 after purchasing an additional 393,668 shares during the period. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Stock Up 2.2%

Shares of NASDAQ VRSK opened at $217.68 on Friday. The firm has a fifty day simple moving average of $239.01 and a two-hundred day simple moving average of $275.76. Verisk Analytics, Inc. has a 12 month low of $196.99 and a 12 month high of $322.92. The company has a current ratio of 1.19, a quick ratio of 1.53 and a debt-to-equity ratio of 8.55. The firm has a market capitalization of $30.34 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (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 for the quarter, compared to analysts’ expectations of $776.04 million. During the same quarter in the previous year, the company earned $1.67 earnings per share. Verisk Analytics’s quarterly 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 analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

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

Insider Buying and Selling

In other news, insider Nicholas Daffan sold 5,420 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value 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. This represents a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey J. Dailey acquired 500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $217.03 per share, for a total transaction of $108,515.00. Following the purchase, the director directly owned 3,962 shares of the company’s stock, valued at $859,872.86. This represents a 14.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 1,450 shares of company stock valued at $314,663 and sold 7,120 shares valued at $1,880,196. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VRSK shares. Barclays raised Verisk Analytics from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $310.00 to $275.00 in a research note on Thursday, October 30th. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings lowered Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Royal Bank Of Canada lowered their price objective on Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial set a $315.00 target price on shares of Verisk Analytics and gave the stock an “outperform” rating in a report on Monday, August 4th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $282.14.

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.