David B. Wright Sells 15,000 Shares of Verisk Analytics, Inc. (VRSK) Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) Director David B. Wright sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total transaction of $1,419,000.00. Following the transaction, the director now owns 8,951 shares in the company, valued at approximately $846,764.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) opened at $94.73 on Friday. The firm has a market capitalization of $15,579.85, a PE ratio of 29.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.80. Verisk Analytics, Inc. has a twelve month low of $75.60 and a twelve month high of $98.60. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. equities analysts anticipate that Verisk Analytics, Inc. will post 3.17 earnings per share for the current fiscal year.
Several brokerages recently issued reports on VRSK. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 price target on shares of Verisk Analytics in a research report on Friday, December 8th. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. BMO Capital Markets upped their price target on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $90.00 price target on shares of Verisk Analytics in a research report on Sunday, December 10th. Finally, Credit Suisse Group upped their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $91.15.
Large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC increased its stake in shares of Verisk Analytics by 10.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 259,528 shares of the business services provider’s stock valued at $21,590,000 after acquiring an additional 25,263 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Verisk Analytics in the 3rd quarter valued at about $323,000. IFM Investors Pty Ltd bought a new stake in shares of Verisk Analytics in the 3rd quarter valued at about $391,000. Sterling Capital Management LLC increased its stake in shares of Verisk Analytics by 1.3% in the 3rd quarter. Sterling Capital Management LLC now owns 946,347 shares of the business services provider’s stock valued at $78,727,000 after acquiring an additional 11,760 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Verisk Analytics by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 320,375 shares of the business services provider’s stock valued at $26,652,000 after acquiring an additional 12,975 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.
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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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