Verisk Analytics (NASDAQ: VRSK), a leading predictive analytics provider, is drawing increasing attention from institutional investors, despite a decline in total institutional shares. The number of institutions investing in Verisk has climbed by a notable 7.41%, now totaling 1681, with an average portfolio weight increase of 5.04%. This surge in interest comes as total institutional shares have reduced by 4.84%, standing at 156,280K shares. The current put/call ratio for the company is at 0.21, indicating a prevailing bullish sentiment in the market.
Truist Securities has reaffirmed its Buy recommendation for Verisk, with a forecasted potential increase of 5.62% from the current price of $242.52 to a one-year target price of $256.16. The firm also projects an annual revenue of $2,667 million, showing a growth of 3.89%, accompanied by a non-GAAP EPS of $5.71. This aligns seamlessly with Verisk’s impressive revenue growth of 14.34%, as reported by InvestingPro data.
Verisk Analytics is the preferred choice for over 70% of FORTUNE 100 companies, relying on the company’s advanced technologies to enhance operational efficiency. Verisk offers a broad range of solutions covering insurance underwriting and claims, fraud detection, regulatory compliance, natural resources assessment, catastrophe analysis, economic forecasting, geopolitical risk assessment, and ESG (Environmental, Social, and Governance) concerns. The company boasts a robust gross profit margin of 67.53%, a testament to the efficiency of its operations.
Key shareholders in Verisk include Massachusetts Financial Services with 7,130K shares, representing 4.92% ownership, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares with 4,524K shares, accounting for 3.12% ownership, Geode Capital Management holding 3,707K shares or 2.56% ownership, Parnassus Investments with 3,567K shares or 2.46% ownership, and VFINX – Vanguard 500 Index Fund Investor Shares with 3,448K shares or 2.38% ownership.
Notably, the market has observed unusual options trading activities connected to Verisk Analytics recently, underscoring the growing interest in the company. This enthusiasm is further substantiated by the company’s strong performance over the past decade, which InvestingPro Tips has also recognized. Additionally, the company’s management has been actively repurchasing shares, offering a positive indicator for potential investors, as per InvestingPro Tips.
Verisk’s Price-to-Earnings (P/E) Ratio currently stands at 72.6, with an adjusted P/E Ratio for LTM2023.Q2 at 136.36, according to InvestingPro data. This suggests that the company is trading at a relatively high earnings multiple, a point underscored by InvestingPro Tips. Nevertheless, Verisk’s return on assets for LTM2023.Q2 is 8.52%, indicating an efficient utilization of its assets.
The outstanding performance and potential prospects of Verisk make it a compelling choice for investors. For further insights and real-time metrics, consider exploring InvestingPro’s premium service, offering additional tips and data.
