California Public Employees Retirement System Trims Holdings in Verisk Analytics, Inc. $VRSK

California Public Employees Retirement System lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,722 shares of the business services provider’s stock after selling 102,909 shares during the quarter. California Public Employees Retirement System’s holdings in Verisk Analytics were worth $170,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Voya Investment Management LLC grew its stake in Verisk Analytics by 24.1% during the 1st quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock worth $90,076,000 after buying an additional 58,954 shares during the last quarter. Sigma Planning Corp bought a new stake in Verisk Analytics in the second quarter valued at $366,000. Aberdeen Group plc boosted its holdings in shares of Verisk Analytics by 6.3% during the second quarter. Aberdeen Group plc now owns 113,584 shares of the business services provider’s stock valued at $35,074,000 after acquiring an additional 6,739 shares during the period. Insight Wealth Strategies LLC acquired a new stake in shares of Verisk Analytics in the 2nd quarter worth about $3,860,000. Finally, Dakota Wealth Management lifted its position in Verisk Analytics by 24.0% in the 2nd quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock valued at $6,774,000 after purchasing an additional 4,206 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rothschild & Co Redburn restated a “sell” rating and issued a $220.00 target price (down previously from $280.00) on shares of Verisk Analytics in a research report on Thursday, October 16th. Argus cut Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Friday, November 14th. Barclays raised Verisk Analytics from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $310.00 to $275.00 in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Verisk Analytics in a research note on Monday, December 1st. Finally, Wolfe Research assumed coverage on Verisk Analytics in a report on Wednesday, September 3rd. They set an “outperform” rating and a $320.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $282.14.

Insider Buying and Selling

In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.99, for a total transaction of $65,097.00. Following the completion of the transaction, the chief financial officer owned 14,565 shares in the company, valued at approximately $3,160,459.35. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.99, for a total transaction of $238,689.00. Following the completion of the transaction, the chief executive officer directly owned 77,807 shares in the company, valued at $16,883,340.93. This represents a 1.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 1,450 shares of company stock worth $314,663 and sold 2,000 shares worth $452,871. Insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Performance

VRSK opened at $221.24 on Monday. The business has a 50 day moving average price of $228.84 and a two-hundred day moving average price of $266.36. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $30.83 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.48 and a beta of 0.81. Verisk Analytics, Inc. has a 1-year low of $196.99 and a 1-year high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data 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. The company had revenue of $768.30 million for the quarter, compared to the consensus estimate of $776.04 million. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

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

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.