Verisk Analytics (NASDAQ:VRSK) had its price target raised by Royal Bank of Canada to $100.00 in a research report report published on Friday. The firm currently has a sector perform rating on the business services provider’s stock. The analysts noted that the move was a valuation call.
Several other research analysts have also recently issued reports on VRSK. BidaskClub cut shares of Verisk Analytics from a buy rating to a hold rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Verisk Analytics from a hold rating to a buy rating and set a $107.00 target price on the stock in a report on Saturday, January 6th. BMO Capital Markets increased their target price on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a market perform rating in a report on Thursday, November 2nd. Credit Suisse Group increased their target price on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a neutral rating in a report on Thursday, November 2nd. Finally, Morgan Stanley increased their target price on shares of Verisk Analytics from $83.00 to $90.00 and gave the stock an equal weight rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $93.36.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up $0.70 during trading on Friday, reaching $98.90. 1,088,500 shares of the company’s stock traded hands, compared to its average volume of 744,985. 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 has a one year low of $75.60 and a one year high of $99.09. The company has a market cap of $16,288.03, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million for the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the prior year, the business earned $0.84 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts predict that Verisk Analytics will post 3.17 earnings per share for the current year.
In other Verisk Analytics news, EVP Kenneth E. Thompson sold 80,207 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the completion of the transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott G. Stephenson purchased 22,200 shares of Verisk Analytics stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $91.16 per share, with a total value of $2,023,752.00. Following the completion of the transaction, the chief executive officer now directly owns 577,441 shares in the company, valued at approximately $52,639,521.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 22,978 shares of company stock worth $2,098,817 and sold 264,946 shares worth $23,292,843. 3.41% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VRSK. Amalgamated Bank increased its holdings in shares of Verisk Analytics by 53.7% during the 2nd quarter. Amalgamated Bank now owns 17,891 shares of the business services provider’s stock valued at $1,509,000 after purchasing an additional 6,249 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at approximately $216,000. ProShare Advisors LLC increased its holdings in shares of Verisk Analytics by 16.2% during the 2nd quarter. ProShare Advisors LLC now owns 59,690 shares of the business services provider’s stock valued at $5,036,000 after purchasing an additional 8,329 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Verisk Analytics by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,810 shares of the business services provider’s stock valued at $490,000 after purchasing an additional 130 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Verisk Analytics by 2.7% during the 2nd quarter. New York State Common Retirement Fund now owns 489,078 shares of the business services provider’s stock valued at $41,264,000 after purchasing an additional 12,699 shares in the last quarter. 92.59% of the stock is 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.
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