Voleon Capital Management LP Sells 1,404 Shares of Verisk Analytics, Inc. $VRSK

Voleon Capital Management LP decreased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 48.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,495 shares of the business services provider’s stock after selling 1,404 shares during the period. Voleon Capital Management LP’s holdings in Verisk Analytics were worth $445,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of VRSK. Vanguard Group Inc. raised its holdings in Verisk Analytics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 16,733,589 shares of the business services provider’s stock valued at $4,980,251,000 after acquiring an additional 239,483 shares during the period. Alliancebernstein L.P. grew its position in shares of Verisk Analytics by 0.5% in the first 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 position in shares of Verisk Analytics by 36.0% in the first 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. Nuveen LLC bought a new position in shares of Verisk Analytics during the first quarter worth approximately $508,611,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Verisk Analytics by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,704,246 shares of the business services provider’s stock worth $507,219,000 after purchasing an additional 283,238 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, 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 value of $1,436,300.00. Following the sale, the insider owned 54,337 shares in the company, valued at $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher John Perry bought 1,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $259.80 per share, for a total transaction of $259,800.00. Following the purchase, the director owned 1,773 shares of the company’s stock, valued at approximately $460,625.40. The trade was a 129.37% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 25,621 shares of company stock valued at $7,574,943. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley upped their price objective on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Wolfe Research initiated coverage on shares of Verisk Analytics in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $320.00 price target on the stock. Raymond James Financial set a $315.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, UBS Group cut their price objective on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $306.91.

Verisk Analytics Stock Down 1.6%

VRSK stock opened at $268.66 on Wednesday. Verisk Analytics, Inc. has a 52 week low of $259.01 and a 52 week high of $322.92. The business has a 50-day simple moving average of $281.36 and a 200 day simple moving average of $293.58. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34. The company has a market cap of $37.54 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 3.87 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results 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. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The company had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. During the same quarter last year, the company posted $1.74 EPS. The company’s revenue for the quarter was up 7.8% 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 announced 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 0.7%. Verisk Analytics’s payout ratio is presently 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.