Q2 2024 EPS Estimates for Verisk Analytics, Inc. (NASDAQ:VRSK) Decreased by Analyst

Verisk Analytics, Inc. (NASDAQ:VRSK) – Equities research analysts at William Blair dropped their Q2 2024 earnings per share estimates for Verisk Analytics in a research report issued on Wednesday, May 1st. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings of $1.63 per share for the quarter, down from their prior forecast of $1.64. The consensus estimate for Verisk Analytics’ current full-year earnings is $6.53 per share. William Blair also issued estimates for Verisk Analytics’ Q3 2024 earnings at $1.63 EPS and FY2025 earnings at $7.20 EPS.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The business had revenue of $704.00 million for the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on VRSK. Evercore ISI reaffirmed an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research note on Tuesday, March 26th. Bank of America cut Verisk Analytics from a “buy” rating to a “neutral” rating and cut their target price for the stock from $270.00 to $260.00 in a report on Monday, January 8th. Finally, BMO Capital Markets boosted their price target on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $254.31.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $237.33 on Friday. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.85 and a beta of 0.79. Verisk Analytics has a 52-week low of $205.70 and a 52-week high of $251.98. The stock’s 50 day moving average price is $231.42 and its two-hundred day moving average price is $235.99. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.05 and a current ratio of 1.09.

Verisk Analytics declared that its board has approved a share buyback plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 annualized dividend and a yield of 0.66%. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Insider Buying and Selling at Verisk Analytics

In related news, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the completion of the sale, the chief accounting officer now owns 12,140 shares in the company, valued at $2,829,348.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $222.93, for a total transaction of $346,433.22. Following the sale, the insider now owns 51,715 shares of the company’s stock, valued at approximately $11,528,824.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at $2,829,348.40. The disclosure for this sale can be found here. Insiders sold 11,300 shares of company stock worth $2,647,952 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Verisk Analytics

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Verisk Analytics in the fourth quarter valued at approximately $374,530,000. Franklin Resources Inc. increased its stake in Verisk Analytics by 90.5% in the 4th quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock worth $272,663,000 after acquiring an additional 542,432 shares during the last quarter. TD Asset Management Inc increased its position in shares of Verisk Analytics by 45.8% in the fourth quarter. TD Asset Management Inc now owns 1,342,721 shares of the business services provider’s stock worth $320,722,000 after purchasing an additional 422,002 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Verisk Analytics by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock valued at $1,777,279,000 after purchasing an additional 392,945 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Verisk Analytics by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,195,471 shares of the business services provider’s stock worth $282,418,000 after buying an additional 211,032 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

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.