Verisk Analytics Inc. (VRSK) Downgraded to Hold at Zacks Investment Research
Verisk Analytics Inc. (NASDAQ:VRSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Verisk Analytics is a leading provider of information about risk to professionals in insurance, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. “
Other research analysts also recently issued research reports about the company. Cantor Fitzgerald reiterated a “buy” rating on shares of Verisk Analytics in a report on Friday, August 19th. BMO Capital Markets restated a “hold” rating on shares of Verisk Analytics in a research note on Thursday, November 3rd. Finally, Macquarie began coverage on Verisk Analytics in a research note on Thursday, August 25th. They issued a “neutral” rating and a $88.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $87.86.
Shares of Verisk Analytics (NASDAQ:VRSK) opened at 83.13 on Friday. Verisk Analytics has a one year low of $64.79 and a one year high of $86.00. The company’s 50 day moving average price is $81.16 and its 200 day moving average price is $80.96. The stock has a market capitalization of $13.92 billion, a P/E ratio of 23.96 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The business had revenue of $498.10 million for the quarter, compared to the consensus estimate of $496.70 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. Verisk Analytics’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts expect that Verisk Analytics will post $3.08 earnings per share for the current year.
In related news, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $78.88, for a total transaction of $1,577,600.00. Following the completion of the transaction, the chief operating officer now owns 74,090 shares of the company’s stock, valued at approximately $5,844,219.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $83.70, for a total value of $200,880.00. Following the transaction, the senior vice president now directly owns 34,349 shares of the company’s stock, valued at approximately $2,875,011.30. The disclosure for this sale can be found here. Corporate insiders own 3.47% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock valued at $130,000 after buying an additional 30 shares in the last quarter. TCW Group Inc. boosted its position in Verisk Analytics by 0.3% in the second quarter. TCW Group Inc. now owns 12,450 shares of the company’s stock valued at $1,009,000 after buying an additional 33 shares during the period. Pacer Advisors Inc. boosted its position in Verisk Analytics by 0.7% in the second quarter. Pacer Advisors Inc. now owns 5,125 shares of the company’s stock valued at $416,000 after buying an additional 34 shares during the period. BancorpSouth Inc boosted its position in Verisk Analytics by 0.7% in the third quarter. BancorpSouth Inc now owns 5,608 shares of the company’s stock valued at $456,000 after buying an additional 40 shares during the period. Finally, Suntrust Banks Inc. boosted its position in Verisk Analytics by 0.4% in the second quarter. Suntrust Banks Inc. now owns 10,057 shares of the company’s stock valued at $815,000 after buying an additional 45 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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