Verisk Analytics (NASDAQ:VRSK) CEO Lee Shavel Sells 3,535 Shares of Company Stock

Verisk Analytics, Inc. (NASDAQ:VRSK) CEO Lee Shavel sold 3,535 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $194.74, for a total transaction of $688,405.90. Following the transaction, the chief executive officer owned 98,490 shares of the company’s stock, valued at $19,179,942.60. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lee Shavel also recently made the following trade(s):

• On Thursday, October 1st, Lee Shavel sold 3,535 shares of Verisk Analytics stock. The stock was sold at an average price of $170.70, for a total value of $603,424.50.
• On Tuesday, September 1st, Lee Shavel sold 3,535 shares of Verisk Analytics stock. The stock was sold at an average price of $193.43, for a total value of $683,775.05.

Verisk Analytics Stock Down 2.2%

NASDAQ:VRSK opened at $197.00 on Wednesday. The business’s 50-day moving average price is $181.99 and its two-hundred day moving average price is $186.57. Verisk Analytics, Inc. has a twelve month low of $155.94 and a twelve month high of $227.16. The stock has a market cap of $25.64 billion, a P/E ratio of 30.26, a PEG ratio of 2.27 and a beta of 0.65.

Institutional Investors Weigh In On Verisk Analytics

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $20,085,000. United Capital Financial Advisors LLC purchased a new position in Verisk Analytics during the second quarter valued at $974,000. TD Waterhouse Canada Inc. boosted its holdings in Verisk Analytics by 10.5% in the second quarter. TD Waterhouse Canada Inc. now owns 61,114 shares of the business services provider’s stock worth $11,234,000 after acquiring an additional 5,792 shares in the last quarter. Junto Capital Management LP bought a new stake in Verisk Analytics in the second quarter worth $49,848,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Verisk Analytics by 880.1% in the second quarter. Assenagon Asset Management S.A. now owns 60,285 shares of the business services provider’s stock worth $10,823,000 after acquiring an additional 54,134 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRSK. UBS Group lifted their target price on shares of Verisk Analytics from $220.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Evercore set a $223.00 target price on Verisk Analytics in a research note on Thursday, July 30th. BMO Capital Markets lowered their price target on shares of Verisk Analytics from $248.00 to $217.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, October 15th. Finally, Weiss Ratings raised shares of Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.79.

About Verisk Analytics

Verisk Analytics, Inc (NASDAQ: VRSK), doing business as Verisk, is a global data analytics and technology company serving the insurance industry and other risk-focused markets. Its platforms help organizations use data, statistical models and workflow tools to evaluate risk, make decisions and improve operational efficiency.

Verisk’s insurance offerings support underwriting, pricing, claims management, fraud detection, catastrophe modeling and regulatory compliance. Its products include industry data, predictive analytics, property and casualty risk solutions, claims-estimating tools and information used by insurers to assess property, vehicles, businesses and other exposures.