On August 16, 2024, Lee Shavel, CEO of Verisk Analytics Inc (NASDAQ:VRSK), sold 2,000 shares of the company’s stock at a price of $267.39 per share. This transaction was reported in a recent SEC filing. Following this sale, the insider now owns 55,163 shares of Verisk Analytics Inc.

Verisk Analytics Inc (NASDAQ:VRSK) is a leading data analytics and risk assessment company that provides predictive analytics and decision support solutions to customers in the insurance, natural resources, financial services and risk management industries.

Over the past year, Lee Shavel has sold a total of 4,000 shares of Verisk Analytics Inc. and purchased no shares. The company’s insider transaction history shows a pattern of more sales than purchases among insiders, with 21 insider sales and only 1 insider purchase over the past year.

At the time of the insider’s most recent transaction, Verisk Analytics Inc. had a market capitalization of approximately $38.34 billion. The stock’s price-to-earnings ratio was 43.77, which is significantly higher than the industry average of 17.59, indicating a higher valuation compared to its peers.

Verisk Analytics Inc.’s GF Value is $265.13, which suggests the stock is fairly valued with a Price to GF Value ratio of 1.01. The GF Value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.

This insider sale may be of interest to investors who follow insider behavior as an indicator of the level of confidence in the company’s current valuation and future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.