Advertisements
Home News Verisk Analytics Anticipates Share Price Surge as Institutional Interest Surges

Verisk Analytics Anticipates Share Price Surge as Institutional Interest Surges

by sun

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.

Advertisements

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.

Advertisements

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.

Advertisements

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.

Advertisements

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.

Advertisements
Advertisements

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.

You may also like

Rckir is a comprehensive financial portal. The main columns include foreign exchange wealth management, futures wealth management, gold wealth management, stock wealth management, fund wealth management, insurance wealth management, trust wealth management, wealth management knowledge, etc.

【Contact us: [email protected]

© 2023 Copyright Rckir.com [[email protected]]