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 Tuesday. The brokerage presently has a $94.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 11.71% 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 topic of several other research reports. Macquarie assumed coverage on shares of Verisk Analytics in a research note on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Verisk Analytics in a research report on Friday, August 19th. Finally, BMO Capital Markets reaffirmed 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.14.
Verisk Analytics (NASDAQ:VRSK) traded down 0.40% during mid-day trading on Tuesday, reaching $83.81. 55,428 shares of the company were exchanged. The stock has a 50-day moving average price of $81.88 and a 200 day moving average price of $81.42. Verisk Analytics has a one year low of $64.79 and a one year high of $86.00. The company has a market capitalization of $14.03 billion, a PE ratio of 24.15 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The business 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts predict that Verisk Analytics will post $3.08 EPS for the current year.
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In other Verisk Analytics news, 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 sale, the chief operating officer now directly 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 at this link. Also, 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 value of $200,880.00. Following the transaction, the senior vice president now owns 34,349 shares of the company’s stock, valued at $2,875,011.30. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of VRSK. ETRADE Capital Management LLC increased its position in Verisk Analytics by 52.3% in the third quarter. ETRADE Capital Management LLC now owns 9,770 shares of the company’s stock worth $795,000 after buying an additional 3,354 shares in the last quarter. D.A. Davidson & CO. increased its position in Verisk Analytics by 26.7% in the third quarter. D.A. Davidson & CO. now owns 19,778 shares of the company’s stock worth $1,604,000 after buying an additional 4,172 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Verisk Analytics during the third quarter worth approximately $443,000. Price T Rowe Associates Inc. MD increased its position in 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 worth $564,299,000 after buying an additional 36,446 shares in the last quarter. Finally, Covington Capital Management increased its position in Verisk Analytics by 44.7% in the third quarter. Covington Capital Management now owns 8,120 shares of the company’s stock worth $660,000 after buying an additional 2,510 shares in the last quarter. Hedge funds and other institutional investors own 91.59% 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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