Insider Selling: Verisk Analytics, Inc. (VRSK) Director Sells 1,304 Shares of Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) Director Christopher M. Foskett sold 1,304 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the completion of the sale, the director now directly owns 9,989 shares in the company, valued at approximately $823,692.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Verisk Analytics, Inc. (VRSK) traded down 0.76% during mid-day trading on Tuesday, reaching $81.89. 597,378 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $84.68 and a 200-day moving average price of $82.13. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17. The stock has a market cap of $13.48 billion, a PE ratio of 29.77 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. On average, analysts predict that Verisk Analytics, Inc. will post $3.13 earnings per share for the current fiscal year.
A number of analysts recently weighed in on VRSK shares. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 target price on shares of Verisk Analytics in a research note on Tuesday, May 2nd. J P Morgan Chase & Co cut shares of Verisk Analytics from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $87.00 to $75.00 in a research note on Wednesday, May 3rd. Macquarie raised shares of Verisk Analytics from a “neutral” rating to an “outperform” rating and upped their target price for the company from $90.00 to $95.00 in a research note on Friday, May 5th. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Verisk Analytics from $85.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $85.00.
Several institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. boosted its position in shares of Verisk Analytics by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,687 shares of the business services provider’s stock valued at $11,009,000 after buying an additional 3,229 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Verisk Analytics by 2.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,358 shares of the business services provider’s stock valued at $272,000 after buying an additional 90 shares during the last quarter. Stock Yards Bank & Trust Co. purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $6,083,000. Gulf International Bank UK Ltd boosted its position in shares of Verisk Analytics by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 48,547 shares of the business services provider’s stock valued at $3,939,000 after buying an additional 600 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Verisk Analytics by 8.2% in the first quarter. National Pension Service now owns 147,555 shares of the business services provider’s stock valued at $11,921,000 after buying an additional 11,141 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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