Verisk Analytics, Inc. (VRSK) Given Hold Rating at BMO Capital Markets

BMO Capital Markets restated their hold rating on shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in a report released on Friday morning. The firm currently has a $83.00 price target on the business services provider’s stock.

VRSK has been the subject of several other reports. Royal Bank Of Canada reissued a hold rating on shares of Verisk Analytics in a research report on Friday, August 4th. Credit Suisse Group reissued a neutral rating and set a $85.00 target price (up from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the stock a buy rating in a research report on Monday, August 21st. Zacks Investment Research raised shares of Verisk Analytics from a sell rating to a hold rating in a research report on Thursday, July 13th. Finally, 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 report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Verisk Analytics has an average rating of Hold and a consensus target price of $85.38.

Verisk Analytics (VRSK) traded up 0.42% during trading on Friday, hitting $81.03. 1,191,693 shares of the stock were exchanged. The firm has a market cap of $13.33 billion, a PE ratio of 29.45 and a beta of 0.68. The firm’s 50-day moving average is $81.81 and its 200 day moving average is $81.73. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $88.17.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. Analysts expect that Verisk Analytics will post $3.14 earnings per share for the current fiscal year.

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In related news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $82.50, for a total transaction of $247,500.00. Following the transaction, the director now directly owns 105,525 shares in the company, valued at $8,705,812.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David B. Wright sold 10,000 shares of the business’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. Over the last 90 days, insiders have sold 17,304 shares of company stock worth $1,413,638. 3.41% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in VRSK. BlackRock Inc. boosted its holdings in Verisk Analytics by 2,758.9% during the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after purchasing an additional 9,276,635 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Verisk Analytics by 1,487.4% during the second quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after purchasing an additional 5,156,187 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Verisk Analytics by 96.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after purchasing an additional 2,060,620 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Verisk Analytics by 70.8% during the second quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock worth $242,320,000 after purchasing an additional 1,190,340 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Verisk Analytics by 5.0% during the second quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after purchasing an additional 734,200 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

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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