Verisk Analytics Inc. (VRSK) Given Average Rating of “Buy” by Brokerages
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) have earned an average recommendation of “Buy” from the eight analysts that are covering the stock. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $88.80.
Several equities analysts have weighed in on VRSK shares. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday, November 4th. BMO Capital Markets restated a “hold” rating on shares of Verisk Analytics in a research note on Thursday, November 3rd. Cantor Fitzgerald set a $87.00 price objective on Verisk Analytics and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Finally, Macquarie started coverage on Verisk Analytics in a research note on Thursday, August 25th. They set a “neutral” rating and a $88.00 price objective on the stock.
Verisk Analytics (NASDAQ:VRSK) traded down 0.160% during trading on Tuesday, hitting $84.015. 347,611 shares of the company traded hands. The stock has a 50 day moving average price of $81.89 and a 200 day moving average price of $81.42. The company has a market capitalization of $14.07 billion, a P/E ratio of 24.212 and a beta of 0.65. Verisk Analytics has a 12-month low of $64.79 and a 12-month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The business earned $498.10 million during the quarter, compared to the consensus estimate of $496.70 million. During the same quarter last year, the firm posted $0.85 EPS. Verisk Analytics’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Verisk Analytics will post $3.08 earnings per share for the current year.
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In related news, 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 sale, the senior vice president now directly owns 34,349 shares in the company, valued at approximately $2,875,011.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $78.88, for a total value of $1,577,600.00. Following the completion of the sale, the chief operating officer now owns 74,090 shares in the company, valued at $5,844,219.20. The disclosure for this sale can be found here. 3.47% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in VRSK. Morgan Stanley boosted its stake in shares of Verisk Analytics by 131.2% in the third quarter. Morgan Stanley now owns 4,147,525 shares of the company’s stock worth $337,111,000 after buying an additional 2,353,367 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Verisk Analytics during the second quarter worth about $52,625,000. Ameriprise Financial Inc. boosted its stake in shares of Verisk Analytics by 576.5% in the third quarter. Ameriprise Financial Inc. now owns 558,253 shares of the company’s stock worth $45,378,000 after buying an additional 475,730 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Verisk Analytics by 23.5% in the second quarter. William Blair Investment Management LLC now owns 2,316,835 shares of the company’s stock worth $187,849,000 after buying an additional 440,817 shares in the last quarter. Finally, 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 worth $503,055,000 after buying an additional 402,985 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.
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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