Verisk Analytics (NASDAQ:VRSK) CEO Sells $688,405.90 in Stock

Verisk Analytics, Inc. (NASDAQ:VRSK) CEO Lee Shavel sold 3,535 shares of Verisk Analytics stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $194.74, for a total value of $688,405.90. Following the transaction, the chief executive officer owned 98,490 shares in the company, valued at approximately $19,179,942.60. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were 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 Price Performance

Shares of Verisk Analytics stock traded down $4.50 during trading hours on Tuesday, hitting $197.00. The company’s stock had a trading volume of 971,362 shares, compared to its average volume of 1,872,278. The company has a market capitalization of $25.64 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.69. The stock has a 50 day moving average of $181.84 and a 200 day moving average of $186.71. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $227.16.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VRSK shares. UBS Group increased their target price on Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price target on shares of Verisk Analytics from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, October 15th. Morgan Stanley reduced their price target on shares of Verisk Analytics from $235.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Finally, Evercore set a $223.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and a consensus target price of $224.79.

Institutional Investors Weigh In On Verisk Analytics

A number of hedge funds and other institutional investors have recently bought and sold shares of VRSK. MassMutual Private Wealth & Trust FSB boosted its position in Verisk Analytics by 14.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 497 shares of the business services provider’s stock worth $89,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Verisk Analytics by 47.8% in the third quarter. Versant Capital Management Inc now owns 204 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Verisk Analytics by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,647 shares of the business services provider’s stock valued at $1,220,000 after purchasing an additional 78 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Verisk Analytics by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $235,000 after purchasing an additional 79 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Verisk Analytics by 1.5% in the first quarter. Koshinski Asset Management Inc. now owns 5,662 shares of the business services provider’s stock worth $1,074,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Company Profile

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.