BMO Capital Markets reaffirmed their market perform rating on shares of Verisk Analytics (NASDAQ:VRSK) in a report released on Thursday morning. The firm currently has a $102.00 price objective on the business services provider’s stock, up from their previous price objective of $100.00.
Several other brokerages also recently weighed in on VRSK. SunTrust Banks reaffirmed a hold rating and set a $85.00 target price on shares of Verisk Analytics in a research note on Wednesday, November 1st. Royal Bank of Canada upped their target price on Verisk Analytics to $100.00 and gave the stock a sector perform rating in a research note on Friday, January 19th. They noted that the move was a valuation call. BidaskClub downgraded Verisk Analytics from a buy rating to a hold rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded Verisk Analytics from a buy rating to a hold rating in a research note on Saturday, January 13th. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $106.00 target price (up from $96.00) on shares of Verisk Analytics in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $102.73.
Shares of Verisk Analytics (VRSK) opened at $101.54 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.45 and a quick ratio of 0.45. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $102.00. The company has a market capitalization of $16,756.23, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 2.52 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.56. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The business had revenue of $570.30 million for the quarter, compared to analyst estimates of $557.09 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. sell-side analysts forecast that Verisk Analytics will post 3.9 earnings per share for the current year.
In related news, Director John F. Lehman sold 10,526 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $95.11, for a total value of $1,001,127.86. Following the completion of the transaction, the director now directly owns 92,656 shares of the company’s stock, valued at approximately $8,812,512.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lee Shavel acquired 399 shares of Verisk Analytics stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $94.05 per share, with a total value of $37,525.95. Following the completion of the purchase, the chief financial officer now owns 23,128 shares in the company, valued at approximately $2,175,188.40. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,177 shares of company stock valued at $112,591 and sold 31,526 shares valued at $3,009,268. 3.41% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in Verisk Analytics by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 691,437 shares of the business services provider’s stock valued at $57,522,000 after purchasing an additional 66,868 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Verisk Analytics by 12.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 10,763 shares of the business services provider’s stock valued at $895,000 after purchasing an additional 1,157 shares during the last quarter. New York State Common Retirement Fund raised its stake in Verisk Analytics by 1.6% in the 3rd quarter. New York State Common Retirement Fund now owns 496,897 shares of the business services provider’s stock valued at $41,337,000 after purchasing an additional 7,819 shares during the last quarter. YCG LLC raised its stake in Verisk Analytics by 17.2% in the 3rd quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock valued at $10,881,000 after purchasing an additional 19,182 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Verisk Analytics by 161.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 5,720 shares during the last quarter. 92.89% of the stock is owned by hedge funds and other 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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