Key Points
- Verisk CEO Lee Shavel sold 3,535 shares at an average price of $194.74, receiving about $688,406; the sale reduced his direct ownership by 3.46% to 98,490 shares.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $224.79; ratings include one Strong Buy, six Buys and seven Holds.
- Institutional investors and hedge funds own approximately 90% of Verisk’s shares.
Verisk Analytics, Inc. (NASDAQ:VRSK - Get Free Report) CEO Lee Shavel sold 3,535 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $194.74, for a total transaction of $688,405.90. Following the sale, the chief executive officer directly owned 98,490 shares in the company, valued at $19,179,942.60. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 transaction 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 transaction of $683,775.05.
Verisk Analytics Stock Performance
Shares of NASDAQ VRSK opened at $197.00 on Wednesday. The firm's 50 day moving average price is $181.99 and its 200-day moving average price is $186.57. Verisk Analytics, Inc. has a 52-week low of $155.94 and a 52-week high of $227.16. The company has a market cap of $25.64 billion, a PE ratio of 30.26, a P/E/G ratio of 2.27 and a beta of 0.65.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Verisk Analytics in a research report on Thursday, October 15th. Evercore set a $223.00 price target on shares of Verisk Analytics in a report 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 stock an "overweight" rating in a research note on Thursday, July 30th. Morgan Stanley decreased their price objective 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, Barclays decreased their price objective on shares of Verisk Analytics from $275.00 to $225.00 and set an "overweight" rating for the company in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Verisk Analytics has a consensus rating of "Moderate Buy" and an average target price of $224.79.
Check Out Our Latest Research Report on VRSK
Hedge Funds Weigh In On Verisk Analytics
Institutional investors and hedge funds have recently modified their holdings of the company. XXEC Inc. purchased a new stake in Verisk Analytics during the second quarter valued at $992,675,000. BlackRock Inc. bought a new position in Verisk Analytics in the second quarter valued at about $1,852,678,000. Bamco Inc. NY purchased a new position in Verisk Analytics in the second quarter worth about $844,259,000. Jupiter Topco LLC purchased a new position in Verisk Analytics in the second quarter worth about $266,201,000. Finally, Legal & General Group Plc purchased a new position in Verisk Analytics in the second quarter worth about $205,092,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
About Verisk Analytics
(
Get Free Report)
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.
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