Verisk Analytics (NASDAQ:VRSK) Issues Quarterly Earnings Results

Verisk Analytics (NASDAQ:VRSK) issued its quarterly earnings results on Wednesday. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10, Briefing.com reports. The business had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a return on equity of 270.96% and a net margin of 32.03%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $1.51 earnings per share. Verisk Analytics updated its FY24 guidance to $6.30-6.60 EPS and its FY 2024 guidance to 6.300-6.600 EPS.

Verisk Analytics Stock Up 0.4 %

Verisk Analytics stock traded up $1.17 during trading on Friday, reaching $262.54. The stock had a trading volume of 401,094 shares, compared to its average volume of 843,617. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. Verisk Analytics has a 52-week low of $215.32 and a 52-week high of $287.13. The business has a 50 day moving average price of $268.65 and a 200 day moving average price of $248.65. The stock has a market cap of $37.46 billion, a PE ratio of 48.76, a P/E/G ratio of 3.26 and a beta of 0.84.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday. 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 report on Wednesday. Robert W. Baird lifted their price target on Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Evercore ISI raised their price objective on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $268.29.

Insiders Place Their Bets

In other news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction on Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction on Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares in the company, valued at $2,033,483.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,237 shares of company stock valued at $572,739. 0.40% of the stock is owned by corporate insiders.

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.