Insider Selling: Verisk Analytics, Inc. (VRSK) Director Sells 3,000 Shares of Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the sale, the director now directly owns 105,525 shares of the company’s stock, valued at approximately $8,705,812.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) traded down 0.55% during mid-day trading on Monday, hitting $82.03. 796,285 shares of the company were exchanged. The company’s 50-day moving average price is $82.46 and its 200-day moving average price is $81.77. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17. The firm has a market capitalization of $13.50 billion, a P/E ratio of 29.82 and a beta of 0.68.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Equities research analysts predict that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on VRSK shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. UBS AG reissued a “sell” rating and issued a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. SunTrust Banks, Inc. lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Thursday, August 3rd. BMO Capital Markets raised their price target on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the company a “buy” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Verisk Analytics currently has an average rating of “Hold” and a consensus price target of $85.38.
A number of large investors have recently modified their holdings of the stock. Sentry Investment Management LLC lifted its stake in Verisk Analytics by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 103 shares during the last quarter. Toronto Dominion Bank lifted its stake in Verisk Analytics by 17.5% in the 2nd quarter. Toronto Dominion Bank now owns 63,762 shares of the business services provider’s stock valued at $5,381,000 after purchasing an additional 9,500 shares during the last quarter. Advisory Services Network LLC lifted its stake in Verisk Analytics by 300.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares during the last quarter. Tandem Investment Advisors Inc. bought a new position in Verisk Analytics in the 2nd quarter valued at approximately $505,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Verisk Analytics by 0.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 155,510 shares of the business services provider’s stock valued at $13,120,000 after purchasing an additional 1,416 shares during the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.
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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