Lee Shavel Sells 1,000 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) Stock

Verisk Analytics, Inc. (NASDAQ:VRSK) CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following the transaction, the chief executive officer now directly owns 53,163 shares in the company, valued at $14,923,385.73. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Lee Shavel also recently made the following trade(s):

• On Friday, November 15th, Lee Shavel sold 1,000 shares of Verisk Analytics stock. The stock was sold at an average price of $286.49, for a total value of $286,490.00.

Verisk Analytics Stock Down 0.2 %

VRSK stock opened at $280.36 on Tuesday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $291.42. The stock’s 50 day simple moving average is $271.45 and its 200 day simple moving average is $267.37. The company has a market cap of $39.59 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $722.19 million. During the same period last year, the business earned $1.52 EPS. Verisk Analytics’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Institutional Investors Weigh In On Verisk Analytics

Institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV increased its holdings in Verisk Analytics by 15.3% during the 3rd quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock worth $9,622,000 after purchasing an additional 4,767 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Verisk Analytics by 5.7% during the third quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider’s stock worth $11,868,000 after buying an additional 2,374 shares in the last quarter. Diversified Trust Co bought a new stake in Verisk Analytics during the second quarter worth $1,325,000. OFI Invest Asset Management raised its position in Verisk Analytics by 2,181.7% in the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after buying an additional 2,749 shares during the last quarter. Finally, Swedbank AB bought a new position in Verisk Analytics during the 1st quarter valued at $28,739,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI reissued an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Barclays upped their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada lifted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.