Verisk Analytics Inc. (VRSK) Stock Rating Lowered by 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 report issued to clients and investors 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 have also issued research reports about the stock. Cantor Fitzgerald set a $87.00 target price on shares of Verisk Analytics and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Macquarie initiated coverage on shares of Verisk Analytics in a research report on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price on the stock. Finally, BMO Capital Markets restated a “hold” rating on shares of Verisk Analytics in a research report on Thursday, November 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.00.
Verisk Analytics (NASDAQ:VRSK) opened at 83.16 on Friday. The company has a market cap of $13.93 billion, a PE ratio of 23.97 and a beta of 0.65. Verisk Analytics has a 52-week low of $64.79 and a 52-week high of $86.00. The company has a 50-day moving average of $81.31 and a 200 day moving average of $81.11.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The firm had revenue of $498.10 million for the quarter, compared to analysts’ expectations of $496.70 million. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities research analysts predict that Verisk Analytics will post $3.08 EPS for the current year.
In related news, SVP Vincent De P. Mccarthy sold 2,400 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $83.70, for a total transaction of $200,880.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark V. Anquillare sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 13th. The shares were 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 directly 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. Corporate insiders own 3.47% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC bought a new position in shares of Verisk Analytics during the second quarter valued at approximately $100,000. Van ECK Associates Corp bought a new position in shares of Verisk Analytics during the second quarter valued at approximately $111,000. Huntington National Bank increased its position in shares of Verisk Analytics by 97.1% in the third quarter. Huntington National Bank now owns 1,518 shares of the company’s stock valued at $123,000 after buying an additional 748 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of 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 during the last quarter. Finally, Creative Planning increased its position in shares of Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock valued at $132,000 after buying an additional 354 shares during the last quarter. 90.56% of the stock is owned by institutional investors and hedge funds.
About Verisk Analytics
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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