Verisk Analytics, Inc. (VRSK) Director Frank J. Coyne Sells 64,420 Shares
Verisk Analytics, Inc. (NASDAQ:VRSK) Director Frank J. Coyne sold 64,420 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $90.44, for a total value of $5,826,144.80. Following the sale, the director now directly owns 58,998 shares of the company’s stock, valued at approximately $5,335,779.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) traded up $1.15 during midday trading on Friday, hitting $91.03. The stock had a trading volume of 877,081 shares, compared to its average volume of 761,542. The firm has a market capitalization of $14,990.26, a price-to-earnings ratio of 28.44 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The business had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. analysts anticipate that Verisk Analytics, Inc. will post 3.15 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in Verisk Analytics by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after purchasing an additional 104 shares in the last quarter. Dock Street Asset Management Inc. grew its stake in Verisk Analytics by 40.1% during the 2nd quarter. Dock Street Asset Management Inc. now owns 81,080 shares of the business services provider’s stock worth $6,841,000 after purchasing an additional 23,192 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its stake in Verisk Analytics by 63.4% during the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after purchasing an additional 77,185 shares in the last quarter. Rockefeller Financial Services Inc. grew its stake in Verisk Analytics by 25.5% during the 2nd quarter. Rockefeller Financial Services Inc. now owns 3,794 shares of the business services provider’s stock worth $320,000 after purchasing an additional 772 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Verisk Analytics by 161.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after purchasing an additional 5,720 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. UBS AG reissued a “sell” rating and set a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. Barclays PLC raised their target price on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets raised their target price on Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday. Morgan Stanley raised their target price on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $83.00 target price on shares of Verisk Analytics in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $88.23.
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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