Verisk Analytics, Inc. (VRSK) EVP Sells $5,298,543.90 in Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) EVP Kenneth E. Thompson sold 62,226 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at $9,133,529.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Verisk Analytics, Inc. (NASDAQ:VRSK) traded up 0.13% during trading on Tuesday, hitting $84.88. The company had a trading volume of 532,448 shares. The company’s 50 day moving average price is $82.91 and its 200-day moving average price is $82.25. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 30.85 and a beta of 0.70. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The business had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. During the same quarter last year, the business posted $0.73 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Verisk Analytics, Inc. will post $3.13 EPS for the current year.
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Several equities research analysts have recently commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets raised their price target on Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a report on Friday, July 14th. UBS AG reaffirmed a “sell” rating and set a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $85.00 price target (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $84.58.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRSK. Integrated Investment Consultants LLC lifted its stake in shares of Verisk Analytics by 45.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 418 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Verisk Analytics by 40.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 380 shares during the period. Huntington National Bank lifted its stake in shares of Verisk Analytics by 29.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 354 shares during the period. Advisory Services Network LLC lifted its stake in shares of Verisk Analytics by 300.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares during the period. Finally, Perigon Wealth Management LLC lifted its stake in shares of Verisk Analytics by 61.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares during the period. Institutional investors own 93.20% 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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