Verisk Analytics (VRSK) Stock Rating Reaffirmed by Royal Bank Of Canada

Verisk Analytics (NASDAQ:VRSK)‘s stock had its “hold” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Sunday. They currently have a $90.00 price objective on the business services provider’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 6.41% from the company’s previous close.

Several other research firms have also weighed in on VRSK. SunTrust Banks reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. BMO Capital Markets reissued a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a research report on Friday, September 15th. Keefe, Bruyette & Woods set a $90.00 price target on Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, Morgan Stanley boosted their price target on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $91.15.

Verisk Analytics (NASDAQ VRSK) traded up $0.72 during midday trading on Friday, hitting $96.16. The stock had a trading volume of 565,100 shares, compared to its average volume of 810,126. The firm has a market cap of $15,836.77, a price-to-earnings ratio of 30.05, a P/E/G ratio of 3.41 and a beta of 0.80. Verisk Analytics has a fifty-two week low of $75.60 and a fifty-two week high of $98.60. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data 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 business 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%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. equities analysts expect that Verisk Analytics will post 3.17 earnings per share for the current fiscal year.

In other Verisk Analytics news, CAO David J. Grover sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at approximately $1,074,158.60. The sale was disclosed in a filing with the SEC, which is accessible through 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 shares were 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. Insiders have sold a total of 308,146 shares of company stock worth $26,665,544 over the last three months. 3.41% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in VRSK. Janus Henderson Group PLC raised its position in shares of Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock valued at $464,275,000 after purchasing an additional 5,156,187 shares in the last quarter. Harding Loevner LP increased its holdings in shares of Verisk Analytics by 95.4% in the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock valued at $243,146,000 after acquiring an additional 2,855,204 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Verisk Analytics by 70.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock valued at $242,320,000 after acquiring an additional 1,190,340 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Verisk Analytics by 154.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock valued at $134,247,000 after acquiring an additional 979,475 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock valued at $1,295,340,000 after acquiring an additional 734,200 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

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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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