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

Grandfield & Dodd LLC cut its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 141,698 shares of the business services provider’s stock after selling 1,607 shares during the quarter. Verisk Analytics accounts for approximately 2.6% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 12th biggest holding. Grandfield & Dodd LLC’s holdings in Verisk Analytics were worth $44,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. raised its holdings in Verisk Analytics by 1.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider’s stock worth $945,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. increased its holdings in Verisk Analytics by 0.4% in the 2nd quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider’s stock worth $2,809,000 after buying an additional 35 shares in the last quarter. NBT Bank N A NY raised its position in Verisk Analytics by 11.4% in the 2nd quarter. NBT Bank N A NY now owns 341 shares of the business services provider’s stock worth $106,000 after buying an additional 35 shares during the last quarter. Tranquility Partners LLC lifted its stake in Verisk Analytics by 1.1% during the 2nd quarter. Tranquility Partners LLC now owns 3,231 shares of the business services provider’s stock valued at $1,006,000 after acquiring an additional 35 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of Verisk Analytics by 3.3% during the 1st quarter. Frank Rimerman Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer owned 14,865 shares in the company, valued at approximately $3,600,748.95. The trade was a 1.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory Hendrick bought 500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $216.14 per share, with a total value of $108,070.00. Following the acquisition, the director directly owned 2,536 shares in the company, valued at $548,131.04. This trade represents a 24.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 1,450 shares of company stock worth $314,663 and have sold 7,120 shares worth $1,880,196. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial set a $315.00 price objective on shares of Verisk Analytics and gave the company an “outperform” rating in a report on Monday, August 4th. Rothschild Redb cut Verisk Analytics from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Seaport Res Ptn upgraded Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group reduced their price objective on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their target price on Verisk Analytics from $317.00 to $319.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $282.14.

Verisk Analytics Price Performance

NASDAQ VRSK opened at $217.68 on Friday. The company 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. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.53 and a current ratio of 1.19. The business’s fifty day moving average is $239.01 and its 200 day moving average is $275.76. Verisk Analytics, Inc. has a fifty-two week low of $196.99 and a fifty-two week high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 EPS 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 during the quarter, compared to analysts’ expectations of $776.04 million. During the same quarter in the prior year, the business posted $1.67 earnings per share. The business’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. Sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

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

Verisk Analytics 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.