Verisk Analytics, Inc. (VRSK) EVP Sells $6,828,021.91 in Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) EVP Kenneth E. Thompson sold 80,207 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total value of $6,828,021.91. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Verisk Analytics, Inc. (VRSK) traded up 0.13% during mid-day trading on Tuesday, hitting $84.88. The stock had a trading volume of 532,448 shares. The company has a market cap of $13.97 billion, a PE ratio of 30.85 and a beta of 0.70. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $88.17. The stock has a 50 day moving average price of $82.86 and a 200-day moving average price of $82.21.
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, beating 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 firm had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. During the same period last year, the business posted $0.73 EPS. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Verisk Analytics, Inc. will post $3.13 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Veritable L.P. increased its stake in Verisk Analytics by 1.3% in the 2nd quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 41 shares in the last quarter. Gotham Asset Management LLC increased its stake in Verisk Analytics by 1.7% in the 2nd quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 46 shares in the last quarter. Fiera Capital Corp increased its stake in Verisk Analytics by 0.6% in the 2nd quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 54 shares in the last quarter. First Manhattan Co. increased its stake in Verisk Analytics by 1.6% in the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 58 shares in the last quarter. Finally, Bancorpsouth Inc. increased its stake in Verisk Analytics by 1.2% in the 2nd quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock valued at $479,000 after purchasing an additional 66 shares in the last quarter. 93.20% of the stock is owned by hedge funds and other institutional investors.
VRSK has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $90.00 price target on Verisk Analytics and gave the company a “buy” rating in a research report on Monday, August 21st. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 price objective (down from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price objective on shares of Verisk Analytics in a report on Friday, September 15th. Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Finally, Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.58.
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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