Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) Director Christopher M. Foskett sold 2,888 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $168.18, for a total transaction of $485,703.84. Following the completion of the sale, the director now directly owns 30,548 shares in the company, valued at approximately $5,137,562.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of VRSK stock traded up $1.73 during trading hours on Thursday, reaching $168.22. 894,053 shares of the company were exchanged, compared to its average volume of 1,263,722. Verisk Analytics, Inc. has a fifty-two week low of $164.96 and a fifty-two week high of $231.57. The stock’s fifty day moving average is $202.51 and its two-hundred day moving average is $206.14. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 2.94 and a beta of 0.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.47 and a quick ratio of 0.47.
Verisk Analytics (NASDAQ:VRSK – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.05). Verisk Analytics had a net margin of 32.92% and a return on equity of 32.10%. The business had revenue of $775.50 million during the quarter, compared to analyst estimates of $773.79 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts anticipate that Verisk Analytics, Inc. will post 5.72 earnings per share for the current year.
A number of research firms recently weighed in on VRSK. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Verisk Analytics from $255.00 to $226.00 in a research note on Thursday, May 5th. Bank of America started coverage on shares of Verisk Analytics in a research note on Friday, March 11th. They issued an “underperform” rating on the stock. Raymond James decreased their price objective on shares of Verisk Analytics from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. Jefferies Financial Group upped their price objective on shares of Verisk Analytics from $218.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, March 18th. Finally, Royal Bank of Canada upped their price objective on shares of Verisk Analytics from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $219.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in VRSK. Valley National Advisers Inc. lifted its holdings in Verisk Analytics by 132.8% in the first quarter. Valley National Advisers Inc. now owns 156 shares of the business services provider’s stock valued at $33,000 after buying an additional 89 shares during the period. Equitec Proprietary Markets LLC acquired a new stake in Verisk Analytics in the fourth quarter worth $34,000. Riverview Trust Co acquired a new stake in Verisk Analytics in the first quarter worth $36,000. Bell Investment Advisors Inc acquired a new stake in Verisk Analytics in the third quarter worth $44,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Verisk Analytics in the fourth quarter worth $46,000. Institutional investors and hedge funds own 91.29% of the company’s stock.
About Verisk Analytics (Get Rating)
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. 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, economic forecasting, commercial banking and finance, and various other fields.
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