Verisk Analytics, Inc. (NASDAQ:VRSK) had its price objective hoisted by analysts at BMO Capital Markets from $83.00 to $91.00 in a research note issued to investors on Thursday, November 2nd. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential downside of 2.76% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. SunTrust Banks, Inc. reissued a “hold” rating and issued a $85.00 target price on shares of Verisk Analytics in a report on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Morgan Stanley lifted their price objective on shares of Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $78.00 price objective on shares of Verisk Analytics in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.29.
Verisk Analytics (NASDAQ VRSK) traded up $1.05 during trading on Thursday, hitting $93.58. 1,269,506 shares of the stock traded hands, compared to its average volume of 814,398. The company has a market capitalization of $15,128.60, a PE ratio of 28.71, a P/E/G ratio of 3.26 and a beta of 0.76. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $94.10.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The firm had revenue of $549.10 million during the quarter, compared to analyst estimates of $527.97 million. During the same period last year, the firm posted $0.84 earnings per share. Verisk Analytics’s revenue for the quarter was up 10.2% compared to the same quarter last year. sell-side analysts expect that Verisk Analytics will post 3.17 earnings per share for the current fiscal year.
In other news, EVP Kenneth E. Thompson sold 80,207 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the sale, the executive vice president now owns 107,264 shares in the company, valued at $9,131,384.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the sale, the director now owns 105,525 shares in the company, valued at approximately $8,705,812.50. The disclosure for this sale can be found here. Insiders have sold 321,146 shares of company stock worth $27,721,244 in the last 90 days. Insiders own 3.41% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in Verisk Analytics by 2.7% in the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after buying an additional 104 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Verisk Analytics by 161.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after purchasing an additional 5,720 shares in the last quarter. YCG LLC boosted its position in Verisk Analytics by 17.2% in the 3rd quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock worth $10,881,000 after purchasing an additional 19,182 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Verisk Analytics in the 3rd quarter worth approximately $266,000. Finally, Mountain Pacific Investment Advisers Inc. ID boosted its position in Verisk Analytics by 63.4% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after purchasing an additional 77,185 shares in the last quarter. Hedge funds and other institutional investors own 93.70% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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