Verisk Analytics is a provider of data analytics services and risk-management solutions to the finance industry. Verisk has long-term contracts and subscriptions and primarily serves US customers. Verisk is believed to have a monopoly in the property and casualty insurance industry. The largest 100 P/C insurance groups are a customer of Verisk, and they have deep ties with the firm. Verisk also has a track record of bringing new products and making acquisitions. As a result, its long-term prospects appear bright. If you are looking for consulting stocks to invest in, then Verisk Analytics presents a strong proposition. Not only does its business model look strong, but the company is among the leaders in its sub-sector.
Some Additional Information About Verisk Analytics
Verisk Analytics is based in Jersey City, New Jersey. It was founded back in 1971 and post the year 2000. The company has acquired 30 businesses which have allowed Verisk to broaden its product portfolio. Some attractive acquisitions include the 2002 deal to acquire AIR Worldwide, which makes catastrophe modelling products. Another example is the 2006 deal to obtain Xactware, which made software to estimate building construction and repair costs. Such acquisitions have allowed Verisk to build strong expertise in the property and casualty insurance niche. As a result, Verisk has grown its revenues steadily from $1.3 billion in 2011 to $2.8 billion in 2020. Throughout the past decade, the company has achieved its growth while improving its gross margins, a sign of strength. As a result, Verisk is among the top consulting stocks based on market position and past performance.
Verisk Analytics closed at $172.65 on 4th June 2021. The stock was up 0.48%for the day and trading at a PE ratio of 40. Its 52-week high was $210.66, while its 52-week low was $159.17. The stock was flat on a 1-month basis.