Kenneth E. Thompson Sells 69,793 Shares of Verisk Analytics, Inc. (VRSK) Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) EVP Kenneth E. Thompson sold 69,793 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $85.08, for a total value of $5,937,988.44. Following the completion of the sale, the executive vice president now owns 72,815 shares of the company’s stock, valued at approximately $6,195,100.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) traded up 0.13% during trading on Friday, hitting $84.94. The stock had a trading volume of 1,169,517 shares. The stock has a market capitalization of $13.98 billion, a P/E ratio of 30.88 and a beta of 0.70. The stock’s 50-day moving average is $83.01 and its 200-day moving average is $82.27. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’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 posted $0.73 earnings per share. Analysts predict that Verisk Analytics, Inc. will post $3.13 EPS for the current fiscal year.
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VRSK has been the subject of a number of research reports. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and issued a $83.00 price objective on shares of Verisk Analytics in a research report on Friday, September 15th. Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.58.
Several hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. bought a new stake in shares of Verisk Analytics in the third quarter valued at approximately $1,714,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Verisk Analytics by 9.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 415,264 shares of the business services provider’s stock valued at $34,545,000 after buying an additional 36,919 shares during the period. Well Done LLC bought a new stake in shares of Verisk Analytics in the third quarter valued at approximately $780,000. Aperio Group LLC boosted its stake in shares of Verisk Analytics by 7.7% in the third quarter. Aperio Group LLC now owns 38,999 shares of the business services provider’s stock valued at $3,244,000 after buying an additional 2,791 shares during the period. Finally, New England Research & Management Inc. boosted its stake in shares of Verisk Analytics by 85.7% in the third quarter. New England Research & Management Inc. now owns 11,700 shares of the business services provider’s stock valued at $973,000 after buying an additional 5,400 shares during the period. Institutional investors and hedge funds own 93.20% of the company’s stock.
Verisk Analytics Company Profile
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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