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 report issued on Wednesday. The brokerage currently has a $94.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 12.05% from the company’s previous close.
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. “
VRSK has been the subject of a number of other reports. Cantor Fitzgerald set a $87.00 target price on Verisk Analytics and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Macquarie initiated coverage on Verisk Analytics in a research report on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price for the company. Finally, BMO Capital Markets restated a “hold” rating on shares of Verisk Analytics in a research report on Thursday, November 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.14.
Verisk Analytics (NASDAQ:VRSK) opened at 83.89 on Wednesday. The firm’s 50-day moving average price is $81.59 and its 200-day moving average price is $81.29. The company has a market cap of $14.05 billion, a PE ratio of 24.18 and a beta of 0.65. Verisk Analytics has a one year low of $64.79 and a one year 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 firm earned $498.10 million during the quarter, compared to the consensus estimate of $496.70 million. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, equities research analysts forecast that Verisk Analytics will post $3.08 earnings per share for the current fiscal year.
In other Verisk Analytics news, COO Mark V. Anquillare sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $78.88, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the company’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 completion of 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. 3.47% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Verisk Analytics by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,478,427 shares of the company’s stock worth $1,092,832,000 after buying an additional 248,713 shares during the last quarter. FMR LLC boosted its stake in shares of Verisk Analytics by 0.6% in the second quarter. FMR LLC now owns 8,043,028 shares of the company’s stock valued at $652,129,000 after buying an additional 50,948 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Verisk Analytics by 0.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,942,650 shares of the company’s stock valued at $564,299,000 after buying an additional 36,446 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Verisk Analytics by 6.9% in the second quarter. Janus Capital Management LLC now owns 6,204,591 shares of the company’s stock valued at $503,055,000 after buying an additional 402,985 shares during the last quarter. Finally, Parnassus Investments CA boosted its stake in shares of Verisk Analytics by 8.4% in the third quarter. Parnassus Investments CA now owns 4,827,325 shares of the company’s stock valued at $392,365,000 after buying an additional 372,218 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.
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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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