JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Bruce Edward Hansen, a director at Verisk Analytics, Inc. (NASDAQ:VRSK), a $41.5 billion market cap company with a "GOOD" InvestingPro Financial Health score, recently executed a series of stock transactions as disclosed in a recent filing. On February 7, Hansen sold 1,179 shares of Verisk Analytics common stock at $294.95 per share, amounting to a total sale value of $347,746. This transaction was conducted under a 10b5-1 plan, which Hansen entered into on August 19, 2024. The sale price was near the stock’s 52-week high of $296.58, with the shares showing an impressive 18% return over the past year.
In a related move, Hansen also exercised stock options to acquire 1,179 shares of Verisk Analytics common stock at an exercise price of $72.95 per share, with a total transaction value of $86,008. Following these transactions, Hansen holds 13,786 shares of the company directly. Discover more insights about VRSK and access detailed valuation metrics with a InvestingPro subscription, which includes 14 additional ProTips and comprehensive financial analysis.
In other recent news, Verisk, the global data analytics firm, has estimated insured property losses from the Palisades and Eaton (NYSE:ETN) fires to be between $28 billion and $35 billion, marking one of the highest loss estimates from the industry. This disaster is expected to generate catastrophe-related claims worth billions of dollars for U.S. and European insurers. In a recent development, Verisk was the first modeler to request a review of its U.S. Wildfire Model as part of California Insurance Commissioner Ricardo Lara’s catastrophe modeling and ratemaking regulation.
On the financial front, BMO Capital Markets has increased its price target for Verisk to $280 from the previous $276 while maintaining a Market Perform rating. This adjustment comes as Verisk continues to exhibit financial resilience, with the firm expecting another robust quarter ahead, partly due to accelerated revenue growth in the company’s Claims segment.
However, Barclays (LON:BARC) analysts have adjusted their stance on Verisk, moving the rating from Overweight to Equalweight, while holding the price target steady at $310.00. This reflects a more cautious outlook for the firm, noting a reduction in positive catalysts for the stock. Lastly, RBC Capital Markets has maintained its Outperform rating on Verisk with a steady price target of $300.00, projecting that the company will present its fiscal year 2025 guidance in line with its previously stated mid-term outlook.
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