Verisk Analytics, Inc. (VRSK) Now Covered by Analysts at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) assumed coverage on shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in a research note issued to investors on Wednesday, November 8th, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $89.00 target price on the business services provider’s stock.

A number of other equities research analysts have also issued reports on VRSK. UBS AG reaffirmed a sell rating and issued a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday, July 14th. SunTrust Banks, Inc. downgraded Verisk Analytics from a buy rating to a hold rating and set a $85.00 price objective on the stock. in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the company a buy rating in a report on Monday, August 21st. Credit Suisse Group restated a neutral rating and set a $85.00 price target (up previously from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a hold rating and set a $83.00 price target on shares of Verisk Analytics in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Verisk Analytics has a consensus rating of Hold and an average target price of $88.29.

Verisk Analytics (VRSK) traded up $0.67 on Wednesday, reaching $92.53. The company had a trading volume of 1,030,700 shares, compared to its average volume of 812,366. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market cap 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. Verisk Analytics has a 1 year low of $75.60 and a 1 year high of $92.92.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. research analysts anticipate that Verisk Analytics will post 3.17 earnings per share for the current year.

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In other news, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the transaction, the director now directly owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO David J. Grover sold 6,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $82.45, for a total value of $535,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,074,158.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,146 shares of company stock valued at $27,443,084. 3.41% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC grew its position in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 418 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 380 shares during the period. Huntington National Bank grew its position in shares of Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 354 shares during the period. Advisory Services Network LLC grew its position in shares of Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares during the period. Finally, Perigon Wealth Management LLC grew its position in shares of Verisk Analytics by 61.2% in the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares during the period. 93.70% of the stock is owned by 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.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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