Verisk Analytics (NASDAQ:VRSK) PT Raised to $260.00

Verisk Analytics (NASDAQ:VRSK) had its price objective raised by Evercore ISI from $250.00 to $260.00 in a report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the business services provider’s stock.

Separately, BMO Capital Markets increased their target price on Verisk Analytics from $238.00 to $241.00 and gave the stock a market perform rating in a research note on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics has a consensus rating of Hold and an average target price of $255.08.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $269.55 on Tuesday. The company has a market cap of $38.46 billion, a P/E ratio of 50.29, a P/E/G ratio of 3.36 and a beta of 0.83. The firm’s fifty day moving average price is $250.95 and its two-hundred day moving average price is $242.15. Verisk Analytics has a one year low of $215.32 and a one year high of $273.70. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. Verisk Analytics’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 EPS. Equities analysts expect that Verisk Analytics will post 6.55 earnings per share for the current year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Saturday, June 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, June 14th. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Insider Activity

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the completion of the sale, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Nicholas Daffan sold 1,554 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $222.93, for a total transaction of $346,433.22. Following the transaction, the insider now directly owns 51,715 shares of the company’s stock, valued at $11,528,824.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,265 shares of company stock valued at $774,953. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Verisk Analytics

A number of institutional investors and hedge funds have recently modified their holdings of VRSK. CVA Family Office LLC bought a new position in shares of Verisk Analytics in the 4th quarter worth $30,000. OFI Invest Asset Management purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at $28,000. Frazier Financial Advisors LLC bought a new position in shares of Verisk Analytics during the 4th quarter valued at $32,000. DSM Capital Partners LLC purchased a new position in Verisk Analytics in the 4th quarter worth $33,000. Finally, Global Retirement Partners LLC lifted its stake in Verisk Analytics by 48.5% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.