Insider Buying: Verisk Analytics, Inc. (VRSK) Director Acquires 306 Shares of Stock
Verisk Analytics, Inc. (NASDAQ:VRSK) Director Annell R. Bay acquired 306 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $81.58 per share, with a total value of $24,963.48. Following the purchase, the director now owns 1,938 shares in the company, valued at approximately $158,102.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Verisk Analytics, Inc. (NASDAQ:VRSK) traded up 0.31% during midday trading on Wednesday, hitting $81.65. 559,507 shares of the stock traded hands. The stock has a market capitalization of $13.44 billion, a PE ratio of 29.68 and a beta of 0.66. The firm’s 50 day moving average is $84.26 and its 200-day moving average is $82.11. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ 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 return on equity of 38.43% and a net margin of 22.99%. Verisk Analytics’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, analysts anticipate that Verisk Analytics, Inc. will post $3.14 EPS for the current fiscal year.
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A number of equities analysts have recently issued reports on VRSK shares. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a research note on Tuesday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 target price (down previously from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. SunTrust Banks, Inc. lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $85.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position in Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after buying an additional 380 shares during the period. Integrated Investment Consultants LLC increased its position in Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares during the period. Huntington National Bank increased its position in Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after buying an additional 354 shares during the period. BB&T Investment Services Inc. bought a new position in Verisk Analytics during the second quarter worth approximately $153,000. Finally, Capstone Investment Advisors Netherlands B.V. bought a new position in Verisk Analytics during the second quarter worth approximately $161,000. 94.07% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Company Profile
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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