Verisk Analytics (VRSK) Sets New 52-Week High at $125.99
Verisk Analytics, Inc. (NASDAQ:VRSK)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $125.99 and last traded at $120.39, with a volume of 1190575 shares trading hands. The stock had previously closed at $124.69.
Several equities analysts have weighed in on the company. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. Morgan Stanley reissued a “hold” rating and set a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a research report on Thursday, September 13th. Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Bank of America assumed coverage on Verisk Analytics in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 price target for the company. Finally, Robert W. Baird raised their price target on Verisk Analytics from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $112.17.
The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.49.
In related news, insider David J. Grover sold 9,500 shares of Verisk Analytics stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $121.50, for a total value of $1,154,250.00. Following the transaction, the insider now owns 16,569 shares in the company, valued at $2,013,133.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott G. Stephenson sold 18,990 shares of Verisk Analytics stock in a transaction on Monday, October 15th. The shares were sold at an average price of $113.79, for a total value of $2,160,872.10. Following the completion of the transaction, the chief executive officer now owns 808,220 shares in the company, valued at approximately $91,967,353.80. The disclosure for this sale can be found here. In the last quarter, insiders purchased 936 shares of company stock worth $112,080 and sold 303,674 shares worth $36,360,561. 3.19% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors acquired a new position in shares of Verisk Analytics during the third quarter worth about $110,000. Financial Architects Inc acquired a new position in shares of Verisk Analytics during the third quarter worth about $113,000. Fort L.P. acquired a new position in shares of Verisk Analytics during the second quarter worth about $121,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Verisk Analytics during the third quarter worth about $139,000. Finally, NuWave Investment Management LLC lifted its stake in shares of Verisk Analytics by 458.2% during the third quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock worth $143,000 after purchasing an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.
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About Verisk Analytics (NASDAQ:VRSK)
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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