FY2024 EPS Forecast for Verisk Analytics Reduced by Analyst

Verisk Analytics, Inc. (NASDAQ:VRSK) – Research analysts at Zacks Research cut their FY2024 EPS estimates for Verisk Analytics in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $6.59 per share for the year, down from their prior forecast of $6.60. The consensus estimate for Verisk Analytics’ current full-year earnings is $6.63 per share. Zacks Research also issued estimates for Verisk Analytics’ Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.82 EPS and FY2025 earnings at $7.16 EPS.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Verisk Analytics’s quarterly revenue was up 7.0% on a year-over-year basis.

VRSK has been the topic of a number of other reports. Barclays raised their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Morgan Stanley boosted their price objective on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Evercore ISI reiterated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Trading Up 1.1 %

NASDAQ:VRSK opened at $290.73 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics has a 12 month low of $217.34 and a 12 month high of $291.42. The company has a market cap of $41.05 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86. The company has a 50 day simple moving average of $272.66 and a two-hundred day simple moving average of $268.59.

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the sale, the chief executive officer now owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the sale, the chief financial officer now owns 15,608 shares of the company’s stock, valued at $4,471,535.92. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,400 shares of company stock valued at $678,764 in the last 90 days. Insiders own 0.40% of the company’s stock.

Institutional Trading of Verisk Analytics

Several large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Verisk Analytics by 6.5% during the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after acquiring an additional 283,653 shares during the period. Mizuho Securities USA LLC grew its stake in shares of Verisk Analytics by 2,380.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock worth $73,144,000 after purchasing an additional 261,961 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Verisk Analytics by 60.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after purchasing an additional 203,951 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Verisk Analytics by 46.7% in the 3rd quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider’s stock valued at $164,750,000 after purchasing an additional 195,700 shares during the period. Finally, Swedbank AB purchased a new stake in Verisk Analytics during the first quarter worth $28,739,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

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.