Evercore ISI Reaffirms “In-Line” Rating for Verisk Analytics (NASDAQ:VRSK)

Verisk Analytics (NASDAQ:VRSK)‘s stock had its “in-line” rating reiterated by equities researchers at Evercore ISI in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $279.00 price target on the business services provider’s stock. Evercore ISI’s price objective points to a potential upside of 3.08% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $268.00 price target on shares of Verisk Analytics in a research report on Thursday, August 1st. Finally, Barclays increased their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.69.

Verisk Analytics Stock Up 1.0 %

Verisk Analytics stock opened at $270.67 on Wednesday. The firm has a market cap of $38.62 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 3.36 and a beta of 0.86. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95. Verisk Analytics has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The firm has a fifty day moving average price of $268.68 and a two-hundred day moving average price of $256.70.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, analysts forecast that Verisk Analytics will post 6.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the sale, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of Verisk Analytics

Several hedge funds have recently modified their holdings of the stock. Czech National Bank grew its stake in shares of Verisk Analytics by 6.7% during the third quarter. Czech National Bank now owns 29,013 shares of the business services provider’s stock valued at $7,774,000 after purchasing an additional 1,824 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $2,398,000. New Century Financial Group LLC grew its stake in shares of Verisk Analytics by 22.9% during the second quarter. New Century Financial Group LLC now owns 2,644 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 493 shares during the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $694,000. Finally, Cetera Investment Advisers grew its stake in shares of Verisk Analytics by 2.6% during the second quarter. Cetera Investment Advisers now owns 55,957 shares of the business services provider’s stock valued at $15,083,000 after purchasing an additional 1,442 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Company Profile

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.