Verisk Analytics Inc. (VRSK) Stock Rating Upgraded by Zacks Investment Research
Verisk Analytics Inc. (NASDAQ:VRSK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $93.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 13.00% from the company’s current price.
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. “
A number of other research analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a research report on Thursday, November 3rd. Cantor Fitzgerald set a $87.00 target price on shares of Verisk Analytics and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Finally, Macquarie started coverage on shares of Verisk Analytics in a research report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.00.
Verisk Analytics (NASDAQ:VRSK) opened at 82.30 on Tuesday. The company has a market cap of $13.78 billion, a P/E ratio of 23.72 and a beta of 0.65. The stock’s 50 day moving average is $81.27 and its 200 day moving average is $81.07. Verisk Analytics has a 12-month low of $64.79 and a 12-month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last released its 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. The business earned $498.10 million during the quarter, compared to the consensus estimate of $496.70 million. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that Verisk Analytics will post $3.08 earnings per share for the current year.
In other news, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $83.70, for a total transaction of $200,880.00. Following the completion of the sale, the senior vice president now owns 34,349 shares in the company, valued at approximately $2,875,011.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Mark V. Anquillare sold 20,000 shares of the firm’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 sale, the chief operating officer now owns 74,090 shares of the company’s stock, valued at approximately $5,844,219.20. The disclosure for this sale can be found here. Insiders own 3.47% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC bought a new stake in Verisk Analytics during the second quarter worth about $100,000. Van ECK Associates Corp bought a new stake in Verisk Analytics during the second quarter worth about $111,000. Huntington National Bank boosted its stake in Verisk Analytics by 97.1% in the third quarter. Huntington National Bank now owns 1,518 shares of the company’s stock worth $123,000 after buying an additional 748 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock worth $130,000 after buying an additional 30 shares in the last quarter. Finally, Creative Planning boosted its stake in Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares in the last quarter. Institutional investors own 90.56% of the company’s stock.
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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