Brokerages Set Verisk Analytics, Inc. (VRSK) Target Price at $88.29

Verisk Analytics, Inc. (NASDAQ:VRSK) has been assigned an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $88.29.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. SunTrust Banks, Inc. cut shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a report on Thursday, August 3rd. Morgan Stanley upped their target price on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group upped their target price on shares of Verisk Analytics from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Verisk Analytics in a report on Wednesday, November 8th. They issued a “neutral” rating and a $89.00 target price for the company.

In other Verisk Analytics news, Director Christopher M. Foskett sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $91.02, for a total transaction of $500,610.00. Following the transaction, the director now directly owns 15,489 shares in the company, valued at $1,409,808.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the transaction, the director now owns 13,951 shares in the company, valued at $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold 318,146 shares of company stock valued at $27,443,084 over the last three months. 3.41% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC grew its position in Verisk Analytics by 2.7% during the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after buying an additional 104 shares during the period. Assenagon Asset Management S.A. grew its position in Verisk Analytics by 161.7% during the third quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after buying an additional 5,720 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in Verisk Analytics by 63.4% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after buying an additional 77,185 shares during the period. YCG LLC grew its position in Verisk Analytics by 17.2% during the third quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock worth $10,881,000 after buying an additional 19,182 shares during the period. Finally, Dock Street Asset Management Inc. grew its position in Verisk Analytics by 40.1% during the second quarter. Dock Street Asset Management Inc. now owns 81,080 shares of the business services provider’s stock worth $6,841,000 after buying an additional 23,192 shares during the period. Institutional investors own 93.70% of the company’s stock.

Shares of Verisk Analytics (NASDAQ:VRSK) traded up $1.04 on Thursday, reaching $91.86. 1,880,000 shares of the company were exchanged, compared to its average volume of 1,021,368. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $92.92. The stock has a market capitalization of $15,128.60, a PE ratio of 28.71, a PEG ratio of 3.26 and a beta of 0.76. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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 analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The firm had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the previous year, the company earned $0.84 earnings per share. Verisk Analytics’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts anticipate that Verisk Analytics will post 3.17 earnings per share for the current fiscal year.

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About Verisk Analytics

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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