Verisk Analytics, Inc. (NASDAQ:VRSK) had its price objective boosted by stock analysts at Barclays PLC from $86.00 to $105.00 in a research note issued on Thursday, November 2nd. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 12.20% from the stock’s previous close.
VRSK has been the subject of a number of other reports. Morgan Stanley reissued an “equal weight” rating and set a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Robert W. Baird restated a “buy” rating on shares of Verisk Analytics in a report on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a 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 report on Wednesday, November 1st. Finally, BMO Capital Markets lifted their price objective on Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a 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 assigned a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $88.29.
Verisk Analytics (VRSK) traded up $1.05 during midday trading on Thursday, reaching $93.58. 1,269,506 shares of the company’s stock traded hands, 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. 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. 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 quarterly earnings data 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. The company had revenue of $549.10 million during the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. Verisk Analytics’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. research analysts anticipate that Verisk Analytics will post 3.17 EPS for the current fiscal year.
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In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 13,951 shares in the company, valued at approximately $1,127,519.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was 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. In the last quarter, 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 bought and sold shares of the stock. Integrated Investment Consultants LLC raised its stake in Verisk Analytics by 45.8% in the 2nd 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 last quarter. Parkside Financial Bank & Trust increased its stake in shares of Verisk Analytics by 40.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after acquiring an additional 380 shares during the last quarter. Huntington National Bank increased its stake in shares of Verisk Analytics by 29.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after acquiring an additional 354 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Verisk Analytics by 300.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Verisk Analytics by 61.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after acquiring an additional 669 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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