Verisk Analytics, Inc. (NASDAQ:VRSK) EVP Kenneth E. Thompson sold 22,513 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $105.02, for a total value of $2,364,315.26. Following the completion of the sale, the executive vice president now directly owns 67,551 shares in the company, valued at $7,094,206.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
VRSK stock opened at $105.24 on Wednesday. The firm has a market capitalization of $17,153.89, a PE ratio of 32.38, a PEG ratio of 2.39 and a beta of 0.71. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $106.07. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.19.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.56. The business had revenue of $570.30 million for the quarter, compared to analyst estimates of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. sell-side analysts anticipate that Verisk Analytics, Inc. will post 3.97 earnings per share for the current fiscal year.
A number of brokerages have issued reports on VRSK. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Monday, February 26th. Keefe, Bruyette & Woods set a $112.00 price target on Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, February 23rd. SunTrust Banks raised their price target on Verisk Analytics to $105.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo reissued an “outperform” rating and issued a $115.00 price target (up from $105.00) on shares of Verisk Analytics in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.07.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board lifted its stake in shares of Verisk Analytics by 4.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the business services provider’s stock valued at $1,430,000 after purchasing an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Verisk Analytics by 6.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,589 shares of the business services provider’s stock worth $920,000 after acquiring an additional 620 shares in the last quarter. HPM Partners LLC lifted its position in Verisk Analytics by 18.9% during the 4th quarter. HPM Partners LLC now owns 4,119 shares of the business services provider’s stock worth $395,000 after acquiring an additional 655 shares in the last quarter. Hosking Partners LLP lifted its position in Verisk Analytics by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 155,079 shares of the business services provider’s stock worth $12,901,000 after acquiring an additional 657 shares in the last quarter. Finally, M&T Bank Corp lifted its position in Verisk Analytics by 1.5% during the 4th quarter. M&T Bank Corp now owns 46,584 shares of the business services provider’s stock worth $4,472,000 after acquiring an additional 705 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.
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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