Verisk Analytics (NASDAQ:VRSK) Stock: Insider Lee Shavel Sells 3,535 Shares

Verisk Analytics, Inc. (NASDAQ:VRSK) CEO Lee Shavel sold 3,535 shares of the firm’s 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 sale, the chief executive officer directly owned 98,490 shares in the company, valued at approximately $19,179,942.60. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Stock Performance

NASDAQ VRSK opened at $197.85 on Thursday. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.22 and a beta of 0.65. The business has a 50 day simple moving average of $182.18 and a 200 day simple moving average of $186.45. Verisk Analytics, Inc. has a 52-week low of $155.94 and a 52-week high of $227.16.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Verisk Analytics from $248.00 to $217.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Barclays dropped their price objective on shares of Verisk Analytics from $275.00 to $225.00 and set an “overweight” rating on the stock in a report on Tuesday, September 8th. Evercore set a $223.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price 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. Finally, Weiss Ratings raised shares of Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. One 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 currently has a consensus rating of “Moderate Buy” and an average target price of $224.79.

Institutional Investors Weigh In On Verisk Analytics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Verisk Analytics during the second quarter worth $33,000. Transamerica Financial Advisors LLC bought a new stake in Verisk Analytics during the second quarter worth $36,000. Versant Capital Management Inc raised its position in Verisk Analytics by 47.8% during the third quarter. Versant Capital Management Inc now owns 204 shares of the business services provider’s stock worth $34,000 after acquiring an additional 66 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Verisk Analytics in the second quarter valued at $39,000. Finally, Provenance Wealth Advisors LLC lifted its stake in Verisk Analytics by 3,683.3% in the third quarter. Provenance Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 221 shares during 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.