Verisk Analytics, Inc. (NASDAQ:VRSK) had its price objective increased by Credit Suisse Group from $85.00 to $92.00 in a report issued on Thursday, November 2nd. They currently have a neutral rating on the business services provider’s stock.
Several other equities research analysts have also commented on the company. Barclays PLC upped their price objective on Verisk Analytics from $86.00 to $105.00 and gave the stock an overweight rating in a research report on Thursday, November 2nd. Morgan Stanley upped their target price on Verisk Analytics from $83.00 to $90.00 and gave the stock an equal weight rating in a research note on Thursday, November 2nd. BMO Capital Markets upped their target price on Verisk Analytics from $83.00 to $91.00 and gave the stock a market perform rating in a research note on Thursday, November 2nd. SunTrust Banks, Inc. reissued a hold rating and issued a $85.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reissued a buy rating and issued a $92.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $88.29.
Shares of Verisk Analytics (NASDAQ VRSK) traded up $1.05 during mid-day trading on Thursday, hitting $93.58. The stock had a trading volume of 1,269,506 shares, compared to its average volume of 814,398. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $94.10. The stock has a market capitalization of $15,128.60, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. Verisk Analytics’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. equities analysts expect that Verisk Analytics will post 3.17 earnings per share for the current year.
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In other news, CAO David J. Grover sold 7,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total value of $647,150.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,204,438.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total value of $278,160.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,146 shares of company stock worth $27,721,244. 3.41% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Veritable L.P. grew its position in Verisk Analytics by 1.3% during the second quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 41 shares during the period. Gotham Asset Management LLC boosted its position in shares of Verisk Analytics by 1.7% in the second quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock worth $228,000 after buying an additional 46 shares during the period. Fiera Capital Corp boosted its holdings in Verisk Analytics by 0.6% in the second quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 54 shares during the last quarter. First Manhattan Co. boosted its holdings in Verisk Analytics by 1.6% in the second quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 58 shares during the last quarter. Finally, Bancorpsouth Inc. boosted its holdings in Verisk Analytics by 1.2% in the second quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock valued at $479,000 after purchasing an additional 66 shares during the last quarter. 93.70% of the stock is owned by hedge funds and other institutional investors.
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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