Goldman Sachs Group Inc Initiates Coverage on Verisk Analytics, Inc. (VRSK)

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

VRSK has been the topic of several other research reports. Barclays PLC lifted their price target on Verisk Analytics from $86.00 to $105.00 and gave the stock an overweight rating in a report on Thursday, November 2nd. BMO Capital Markets reiterated a hold rating and set a $83.00 price target on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research lowered Verisk Analytics from a hold rating to a sell rating in a report on Tuesday, October 3rd. Morgan Stanley lifted their price target on Verisk Analytics from $83.00 to $90.00 and gave the stock an equal weight rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada reiterated a hold rating on shares of Verisk Analytics in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $88.29.

Shares of Verisk Analytics (NASDAQ:VRSK) opened at $94.22 on Wednesday. Verisk Analytics has a one year low of $75.60 and a one year high of $94.51. 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 stock has a market cap of $15,461.28, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 3.33 and a beta of 0.76.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. sell-side analysts forecast that Verisk Analytics will post 3.17 earnings per share for the current year.

In related news, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the sale, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew G. Mills sold 1,232 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.50, for a total transaction of $101,640.00. Following the completion of the sale, the director now owns 104,293 shares in the company, valued at $8,604,172.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 321,146 shares of company stock worth $27,721,244. 3.41% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its position in Verisk Analytics by 2.7% in the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 104 shares in the last quarter. YCG LLC grew 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 valued at $10,881,000 after acquiring an additional 19,182 shares in the last quarter. Assenagon Asset Management S.A. grew 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 valued at $770,000 after acquiring an additional 5,720 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Verisk Analytics in the 3rd quarter valued at about $266,000. Finally, Mountain Pacific Investment Advisers Inc. ID grew 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 valued at $16,552,000 after acquiring an additional 77,185 shares in the last quarter. 93.70% of the stock is owned by institutional investors.

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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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