Equities Analysts Issue Forecasts for Verisk Analytics, Inc.’s Q3 2024 Earnings (NASDAQ:VRSK)

Verisk Analytics, Inc. (NASDAQ:VRSK) – Investment analysts at Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for shares of Verisk Analytics in a report issued on Wednesday, May 22nd. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $1.61 per share for the quarter, up from their prior forecast of $1.60. The consensus estimate for Verisk Analytics’ current full-year earnings is $6.53 per share. Zacks Research also issued estimates for Verisk Analytics’ Q4 2024 earnings at $1.63 EPS, FY2024 earnings at $6.49 EPS and FY2026 earnings at $8.01 EPS.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their target price on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and set a $250.00 price objective on shares of Verisk Analytics in a report on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $254.31.

Verisk Analytics Trading Up 0.9 %

NASDAQ:VRSK opened at $253.64 on Thursday. Verisk Analytics has a 12 month low of $214.67 and a 12 month high of $254.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 3.11 and a beta of 0.79. The firm has a fifty day simple moving average of $233.80 and a two-hundred day simple moving average of $237.70.

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

Verisk Analytics Dividend Announcement

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 paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

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

Insider Activity

In related news, insider Kathy Card Beckles sold 227 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total value of $53,937.47. Following the transaction, the insider now owns 7,796 shares in the company, valued at $1,852,407.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Kathy Card Beckles sold 227 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the sale, the insider now owns 7,796 shares of the company’s stock, valued at approximately $1,852,407.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the transaction, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,304 shares of company stock valued at $2,648,390 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Verisk Analytics

Institutional investors and hedge funds have recently bought and sold shares of the company. Atria Investments Inc increased its holdings in shares of Verisk Analytics by 5.0% in the first quarter. Atria Investments Inc now owns 19,088 shares of the business services provider’s stock worth $4,500,000 after purchasing an additional 914 shares during the period. Swedbank AB bought a new position in Verisk Analytics in the 1st quarter worth about $28,739,000. Virtu Financial LLC purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at about $1,360,000. Plato Investment Management Ltd boosted its position in shares of Verisk Analytics by 1,888.3% during the 1st quarter. Plato Investment Management Ltd now owns 4,434 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 4,211 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in shares of Verisk Analytics by 20.5% during the first quarter. iA Global Asset Management Inc. now owns 31,178 shares of the business services provider’s stock worth $7,350,000 after purchasing an additional 5,314 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

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.