Verisk Analytics Inc. (VRSK) Rating Lowered to Hold at Zacks Investment Research
Verisk Analytics Inc. (NASDAQ:VRSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
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 equities analysts have also recently weighed in on VRSK. Cantor Fitzgerald set a $87.00 price target on Verisk Analytics and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Macquarie initiated coverage on Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price target for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $88.14.
Shares of Verisk Analytics (NASDAQ:VRSK) opened at 83.88 on Wednesday. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 24.17 and a beta of 0.65. Verisk Analytics has a 1-year low of $64.79 and a 1-year high of $86.00. The stock has a 50 day moving average price of $81.88 and a 200 day moving average price of $81.42.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data 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 earned $498.10 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, equities analysts anticipate that Verisk Analytics will post $3.08 EPS for the current fiscal year.
In other Verisk Analytics news, SVP Vincent De P. Mccarthy sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was 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 directly owns 34,349 shares in the company, valued at approximately $2,875,011.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mark V. Anquillare sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $81.62, for a total value of $1,632,400.00. Following the completion of the sale, the chief operating officer now owns 74,090 shares of the company’s stock, valued at $6,047,225.80. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised 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 during the period. TCW Group Inc. raised its stake in Verisk Analytics by 0.3% in the second quarter. TCW Group Inc. now owns 12,450 shares of the company’s stock worth $1,009,000 after buying an additional 33 shares during the period. Pacer Advisors Inc. raised its stake in Verisk Analytics by 0.7% in the second quarter. Pacer Advisors Inc. now owns 5,125 shares of the company’s stock worth $416,000 after buying an additional 34 shares during the period. BancorpSouth Inc raised its stake in Verisk Analytics by 0.7% in the third quarter. BancorpSouth Inc now owns 5,608 shares of the company’s stock worth $456,000 after buying an additional 40 shares during the period. Finally, Suntrust Banks Inc. raised its stake in Verisk Analytics by 0.4% in the second quarter. Suntrust Banks Inc. now owns 10,057 shares of the company’s stock worth $815,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds 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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