Insurance Technology Industry News

TMCNet:  Downgrade Alert for Verisk Analytics (VRSK)

[February 28, 2013]

Downgrade Alert for Verisk Analytics (VRSK)

Feb 28, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Verisk Analytics (NASDAQ:VRSK) was downgraded from Overweight to Equal Weight at Evercore today. The stock closed yesterday at $58.05 on volume of 2.4 million shares, above average daily volume of 610,000. In the past 52 weeks, shares of Verisk Analytics have traded between a low of $41.67 and a high of $60.29 and closed yesterday at $58.05, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Potential upside of 0.6% exists for Verisk Analytics, based on a current level of $58.05 and analysts' average consensus price target of $58.40. The stock should find initial support at its 50-day moving average (MA) of $53.61 and further support at its 200-day MA of $49.72.

Verisk Analytics, Inc. provides actuarial and underwriting data to U.S. property and casualty, and insurance risks. The Company offers solutions for detecting fraud in the U.S. property and casualty insurance, healthcare and mortgage industries as well as methods to predict and quantify loss in diverse contexts ranging from natural catastrophes to health insurance.

SmarTrend recommended that subscribers consider buying shares of Verisk Analytics on October 31st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.88. Since that recommendation, shares of Verisk Analytics have risen 16.4%. We continue to monitor VRSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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