Verisk Analytics Inc. (VRSK) Sets New 1-Year High at $82.15
Verisk Analytics Inc. (NASDAQ:VRSK)’s share price hit a new 52-week high on Thursday . The stock traded as high as $82.15 and last traded at $81.74, with a volume of 172,126 shares changing hands. The stock had previously closed at $81.66.
VRSK has been the subject of several analyst reports. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Sterne Agee CRT reaffirmed a “hold” rating on shares of Verisk Analytics in a report on Saturday, April 9th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Verisk Analytics in a report on Wednesday, May 4th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Verisk Analytics presently has an average rating of “Buy” and an average price target of $84.20.
The firm has a 50 day moving average price of $79.37 and a 200 day moving average price of $76.09. The stock has a market cap of $14.03 billion and a price-to-earnings ratio of 28.48.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.01. During the same period last year, the business posted $0.67 earnings per share. The business earned $492.70 million during the quarter, compared to analyst estimates of $560.02 million. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. Equities research analysts forecast that Verisk Analytics Inc. will post $3.10 earnings per share for the current fiscal year.
In other news, Director Christopher M. Foskett sold 10,050 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $77.08, for a total value of $774,654.00. Following the completion of the transaction, the director now directly owns 18,275 shares of the company’s stock, valued at $1,408,637. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $77.49, for a total value of $1,549,800.00. Following the completion of the transaction, the chief financial officer now directly owns 74,090 shares of the company’s stock, valued at $5,741,234.10. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of the company. Wellington Shields Capital Management LLC bought a new position in Verisk Analytics during the fourth quarter worth approximately $1,042,000. Capital Management Associates NY raised its position 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 last quarter. Advantus Capital Management Inc bought a new position in Verisk Analytics during the fourth quarter worth approximately $1,159,000. World Asset Management Inc raised its position 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 last quarter. Finally, Mutual of America Capital Management LLC bought a new position in Verisk Analytics during the fourth quarter worth approximately $1,329,000.
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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