Royal Bank Of Canada restated their hold rating on shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in a research report report published on Thursday, November 2nd. They currently have a $83.00 target price on the business services provider’s stock.
Several other brokerages have also recently weighed in on VRSK. Morgan Stanley reiterated an equal weight rating and set a $82.00 price target (down from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. Cantor Fitzgerald restated a buy rating and issued a $92.00 price objective on shares of Verisk Analytics in a research report on Wednesday, November 1st. Robert W. Baird restated a buy rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. SunTrust Banks, Inc. restated a hold rating and issued a $85.00 price objective on shares of Verisk Analytics in a research report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on Verisk Analytics from $83.00 to $91.00 and gave the company a market perform rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $88.29.
Verisk Analytics (VRSK) traded up $1.05 during trading on Thursday, hitting $93.58. The company had a trading volume of 1,269,506 shares, compared to its average volume of 814,398. 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 has a 12-month low of $75.60 and a 12-month high of $94.10. The firm has a market capitalization of $15,128.60, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. Verisk Analytics’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. analysts expect that Verisk Analytics will post 3.17 EPS for the current fiscal year.
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In other Verisk Analytics news, EVP Kenneth E. Thompson sold 62,226 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the transaction, the executive vice president now owns 107,264 shares of the company’s stock, valued at $9,133,529.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth E. Thompson sold 80,207 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total value of $6,828,021.91. Following the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at approximately $9,131,384.32. 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 three months. 3.41% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Verisk Analytics in the 3rd quarter valued at $323,000. IFM Investors Pty Ltd acquired a new position in shares of Verisk Analytics in the 3rd quarter valued at $391,000. Sterling Capital Management LLC lifted its stake in shares of Verisk Analytics by 1.3% in the 3rd quarter. Sterling Capital Management LLC now owns 946,347 shares of the business services provider’s stock valued at $78,727,000 after purchasing an additional 11,760 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Verisk Analytics by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 320,375 shares of the business services provider’s stock valued at $26,652,000 after purchasing an additional 12,975 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. acquired a new position in shares of Verisk Analytics in the 3rd quarter valued at $164,000. 93.70% of the stock is currently owned by institutional investors and hedge funds.
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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