Monthly Stock Report: Verisk Analytics, Inc. (VRSK)
Publication Date: September 22, 2024
Company Overview
Verisk Analytics, Inc. (VRSK) is a prominent provider of data analytics and technology solutions, primarily serving the insurance markets in the United States and globally. Founded in 1971 and headquartered in Jersey City, New Jersey, Verisk specializes in a comprehensive suite of services such as policy language analysis, underwriting solutions, and catastrophe modeling designed to assist clients in managing financial risks. The company caters to a diverse clientele that includes insurers, reinsurers, and financial institutions, thereby enhancing risk assessment and decision-making processes within the insurance sector. With an innovative approach, Verisk is making significant strides in improving analytical capabilities across various related fields, including life insurance, fraud detection, and casualty claims.
Investment Outlook and Financial Performance
The consulting services sector, in which Verisk operates, presents promising investment prospects. Analysts currently recommend a “buy,” forecasting a strong upside potential for investors with a target high price of $310.00. Verisk’s robust total revenue of approximately $2.78 billion underscores the company’s solid financial health and operational performance. These revenue figures indicate that Verisk is well-positioned to leverage market trends and address evolving client needs, which further reinforces the optimistic outlook for potential investors.
As of the latest data, the stock’s current price stands at $264.85, slightly under the fifty-day moving average of $270.87, suggesting a minor dip in performance. The stock has exhibited significant volatility over the past year, with a fifty-two-week high of $287.13 and a low of $215.32, reflecting its capacity for growth while also highlighting inherent risks.
Market Sentiment and Trading Metrics
Verisk Analytics has a total of 142,424,000 shares outstanding, with only 2,517,227 shares currently shorted, which represents a short percentage of float at a mere 0.02%. This low short interest indicates that investors do not anticipate a substantial decline in the stock price in the near term, illustrating a stable market perception among traders.
Recent analyst evaluations show a target mean price of $275.27 and a recommendation mean of 2.3, suggesting a generally favorable outlook from 14 contributing analysts. This sentiment, combined with the significant variations in the stock’s trading history, signals valuable opportunities for both existing and potential investors aiming to capitalize on Verisk’s innovative service offerings and healthy financial standing.
By staying informed on Verisk Analytics (VRSK), investors can make strategic decisions aligned with market trends and minimize risks tied to price fluctuations.
| Metric | Value |
|---|---|
| Market Cap | $37.7b |
| Total Debt | $3.3b |
| Total Cash | $633.3m |
| Shares Outstanding | 142.4m |
| Float Shares | 142.1m |
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