Q2 2024 EPS Estimates for Verisk Analytics, Inc. (NASDAQ:VRSK) Cut by William Blair

Verisk Analytics, Inc. (NASDAQ:VRSK) – Investment analysts at William Blair reduced their Q2 2024 EPS estimates for Verisk Analytics in a research report issued to clients and investors on Wednesday, May 1st. William Blair analyst A. Nicholas now forecasts that the business services provider will earn $1.63 per share for the quarter, down from their previous forecast of $1.64. The consensus estimate for Verisk Analytics’ current full-year earnings is $6.48 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 posted its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The firm had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. Verisk Analytics’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS.

Several other research analysts also recently weighed in on VRSK. BMO Capital Markets boosted their target price 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. Bank of America downgraded shares of Verisk Analytics from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $270.00 to $260.00 in a report on Monday, January 8th. Finally, Evercore ISI reissued an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a research note on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.21.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $237.33 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market cap of $33.88 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.90 and a beta of 0.79. Verisk Analytics has a fifty-two week low of $205.70 and a fifty-two week high of $251.98. The business has a fifty day moving average of $231.57 and a 200-day moving average of $236.03.

Verisk Analytics announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.66%. Verisk Analytics’s payout ratio is 29.10%.

Insider Buying and Selling

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the completion of the sale, the insider now owns 51,715 shares of the company’s stock, valued at $11,528,824.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 51,715 shares in the company, valued at $11,528,824.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathy Card Beckles sold 227 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the transaction, the insider now directly owns 7,796 shares in the company, valued at approximately $1,852,407.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,300 shares of company stock valued at $2,647,952. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verisk Analytics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Verisk Analytics by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after acquiring an additional 170,620 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Verisk Analytics by 5.5% in 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 period. FMR LLC grew its holdings in Verisk Analytics by 3.8% during the 3rd quarter. FMR LLC now owns 4,929,841 shares of the business services provider’s stock valued at $1,164,626,000 after purchasing an additional 182,631 shares in the last quarter. Northern Trust Corp increased its stake in Verisk Analytics by 5.7% during the 3rd quarter. Northern Trust Corp now owns 1,661,558 shares of the business services provider’s stock worth $392,526,000 after buying an additional 89,920 shares during the period. Finally, Norges Bank acquired a new position in Verisk Analytics in the 4th quarter worth $374,530,000. 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.