A number of other equities research analysts have also recently issued reports on VRSK. Barclays increased their target price on shares of Verisk Analytics from $165.00 to $210.00 and gave the stock an overweight rating in a research report on Thursday, August 6th. Morgan Stanley increased their target price on shares of Verisk Analytics from $191.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets increased their target price on shares of Verisk Analytics from $156.00 to $181.00 and gave the stock a market perform rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $173.15.
NASDAQ:VRSK opened at $192.47 on Wednesday. The company has a 50-day moving average of $184.34 and a 200-day moving average of $170.86. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 61.69, a PEG ratio of 3.55 and a beta of 0.67. Verisk Analytics has a 52 week low of $116.61 and a 52 week high of $195.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.59 and a current ratio of 0.59.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.10. The company had revenue of $678.80 million during the quarter, compared to the consensus estimate of $685.84 million. Verisk Analytics had a net margin of 19.12% and a return on equity of 36.42%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Sell-side analysts forecast that Verisk Analytics will post 4.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 14th. Verisk Analytics’s payout ratio is presently 24.66%.
In other news, COO Mark V. Anquillare sold 27,433 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $186.47, for a total value of $5,115,431.51. Following the transaction, the chief operating officer now owns 88,935 shares of the company’s stock, valued at approximately $16,583,709.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott G. Stephenson sold 98,513 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $186.23, for a total transaction of $18,346,075.99. The disclosure for this sale can be found here. Insiders sold a total of 217,787 shares of company stock valued at $40,920,756 in the last 90 days. Corporate insiders own 2.55% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. IBM Retirement Fund boosted its stake in shares of Verisk Analytics by 39.0% in the 3rd quarter. IBM Retirement Fund now owns 5,154 shares of the business services provider’s stock valued at $955,000 after purchasing an additional 1,447 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Verisk Analytics by 9.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 12,817 shares of the business services provider’s stock worth $2,375,000 after acquiring an additional 1,101 shares during the last quarter. Martin Investment Management LLC boosted its stake in Verisk Analytics by 4.6% during the 3rd quarter. Martin Investment Management LLC now owns 39,234 shares of the business services provider’s stock worth $7,270,000 after acquiring an additional 1,733 shares during the last quarter. Nachman Norwood & Parrott Inc bought a new position in Verisk Analytics during the 3rd quarter worth approximately $55,000. Finally, Avantax Advisory Services Inc. boosted its stake in Verisk Analytics by 2.2% during the 3rd quarter. Avantax Advisory Services Inc. now owns 11,972 shares of the business services provider’s stock worth $2,218,000 after acquiring an additional 256 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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