Verisk Analytics Inc. (VRSK) Hits New 1-Year High at $82.15
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $82.15 and last traded at $81.74, with a volume of 172,126 shares. The stock had previously closed at $81.66.
A number of brokerages have recently issued reports on VRSK. Cantor Fitzgerald reiterated a “buy” rating on shares of Verisk Analytics in a report on Thursday, April 28th. Sterne Agee CRT began coverage on Verisk Analytics in a report on Tuesday, March 22nd. They set a “neutral” rating and a $85.00 target price for the company. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. Finally, Morgan Stanley reiterated a “buy” rating and set a $88.00 target price on shares of Verisk Analytics in a report on Monday, May 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Verisk Analytics currently has an average rating of “Buy” and a consensus price target of $84.20.
The stock’s 50-day moving average price is $79.01 and its 200 day moving average price is $75.99. The firm has a market cap of $13.72 billion and a P/E ratio of 27.86.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.01. The company earned $492.70 million during the quarter, compared to analysts’ expectations of $560.02 million. During the same period in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 28.2% on a year-over-year basis. On average, equities research analysts anticipate that Verisk Analytics Inc. will post $3.10 earnings per share for the current year.
In related news, Director Constantine Iordanou sold 1,942 shares of the stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $77.98, for a total value of $151,437.16. Following the completion of the sale, the director now directly owns 166,299 shares of the company’s stock, valued at approximately $12,967,996.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $77.42, for a total value of $185,808.00. Following the completion of the sale, the senior vice president now directly owns 34,349 shares of the company’s stock, valued at $2,659,299.58. The disclosure for this sale can be found here.
Other large investors have made changes to their positions in the company. Retirement Systems of Alabama acquired a new stake in shares of Verisk Analytics during the fourth quarter valued at about $6,214,000. Wells Fargo & Company MN increased its stake in shares of Verisk Analytics by 36.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,548,389 shares of the company’s stock valued at $195,921,000 after buying an additional 681,203 shares in the last quarter. Principal Financial Group Inc. increased its stake in Verisk Analytics by 24.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,272,834 shares of the company’s stock worth $251,616,000 after buying an additional 647,163 shares during the period. Capital Management Associates NY increased its stake in Verisk Analytics by 37.5% in the fourth quarter. Capital Management Associates NY now owns 13,750 shares of the company’s stock worth $1,057,000 after buying an additional 3,750 shares during the period. Finally, World Asset Management Inc increased its stake in Verisk Analytics by 384.3% in the fourth quarter. World Asset Management Inc now owns 16,918 shares of the company’s stock worth $1,301,000 after buying an additional 13,425 shares during the period.
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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