Verisk Analytics Inc. (VRSK) Reaches New 12-Month High at $85.00
Verisk Analytics Inc. (NASDAQ:VRSK) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.00 and last traded at $84.65, with a volume of 190,012 shares traded. The stock had previously closed at $84.48.
A number of research analysts have issued reports on VRSK shares. Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Sterne Agee CRT started coverage on Verisk Analytics in a research report on Tuesday, March 22nd. They set a “neutral” rating and a $85.00 price target for the company. Morgan Stanley reiterated an “overweight” rating on shares of Verisk Analytics in a research report on Wednesday, June 29th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $79.00 price target on shares of Verisk Analytics in a research report on Wednesday, May 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $84.20.
The stock has a 50 day moving average price of $79.79 and a 200 day moving average price of $76.20. The company has a market cap of $14.23 billion and a P/E ratio of 28.90.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, May 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.01. The firm earned $492.70 million during the quarter, compared to analyst estimates of $560.02 million. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities research analysts anticipate that Verisk Analytics Inc. will post $3.10 EPS for the current fiscal year.
In other Verisk Analytics news, SVP Vincent De P. Mccarthy sold 2,400 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $77.42, for a total value of $185,808.00. Following the transaction, the senior vice president now directly owns 34,349 shares in the company, valued at approximately $2,659,299.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth E. Thompson sold 56,491 shares of the stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $80.06, for a total value of $4,522,669.46. Following the completion of the transaction, the executive vice president now owns 64,368 shares in the company, valued at $5,153,302.08. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Verisk Analytics by 10.3% in the fourth quarter. Sei Investments Co. now owns 57,132 shares of the company’s stock worth $4,393,000 after buying an additional 5,339 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Verisk Analytics by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 383,740 shares of the company’s stock worth $29,502,000 after buying an additional 5,000 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Verisk Analytics by 68.7% in the fourth quarter. ProShare Advisors LLC now owns 94,293 shares of the company’s stock worth $7,249,000 after buying an additional 38,398 shares during the last quarter. Comerica Bank raised its position in shares of Verisk Analytics by 311.1% in the fourth quarter. Comerica Bank now owns 51,139 shares of the company’s stock worth $3,752,000 after buying an additional 38,700 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Verisk Analytics by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 390,800 shares of the company’s stock worth $30,045,000 after buying an additional 3,000 shares during the last quarter.
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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