Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) have earned an average recommendation of “Buy” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $111.00.
VRSK has been the topic of a number of research reports. SunTrust Banks boosted their target price on shares of Verisk Analytics to $120.00 in a research report on Thursday, November 1st. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley reissued a “hold” rating and issued a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a report on Thursday, September 13th. Zacks Investment Research reissued a “hold” rating on shares of Verisk Analytics in a report on Saturday, November 17th. Finally, Keefe, Bruyette & Woods lowered shares of Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 2nd.
In other news, CEO Scott G. Stephenson sold 18,063 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $119.26, for a total value of $2,154,193.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total transaction of $365,910.00. Following the completion of the sale, the director now directly owns 82,605 shares in the company, valued at approximately $10,075,331.85. The disclosure for this sale can be found here. In the last three months, insiders acquired 936 shares of company stock worth $112,080 and sold 302,981 shares worth $36,208,141. Insiders own 3.19% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of VRSK. TRUE Private Wealth Advisors bought a new stake in shares of Verisk Analytics in the 3rd quarter worth about $110,000. Financial Architects Inc bought a new stake in shares of Verisk Analytics in the 3rd quarter worth about $113,000. Fort L.P. bought a new stake in shares of Verisk Analytics in the 2nd quarter worth about $121,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Verisk Analytics in the 3rd quarter worth about $139,000. Finally, NuWave Investment Management LLC grew its holdings in shares of Verisk Analytics by 458.2% in the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock worth $143,000 after purchasing an additional 976 shares during the last quarter. 94.09% of the stock is currently owned by institutional investors and hedge funds.
VRSK stock traded up $0.89 on Monday, reaching $120.95. 789,878 shares of the company were exchanged, compared to its average volume of 850,863. Verisk Analytics has a 12 month low of $90.60 and a 12 month high of $124.50. The firm has a market capitalization of $19.76 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The business had revenue of $598.70 million for the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Verisk Analytics’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Verisk Analytics will post 4.15 EPS for the current fiscal year.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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