Verisk Analytics, Inc. (VRSK) Receives Average Rating of “Hold” from Brokerages
Verisk Analytics, Inc. (NASDAQ:VRSK) has been given an average rating of “Hold” by the fifteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $85.09.
Several equities research analysts have commented on VRSK shares. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research note on Monday, August 21st. Morgan Stanley restated an “equal weight” rating and issued a $82.00 target price (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 price target on shares of Verisk Analytics in a research note on Friday, September 15th. SunTrust Banks, Inc. lowered Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up 0.40% during mid-day trading on Wednesday, hitting $83.52. The stock had a trading volume of 768,513 shares. Verisk Analytics has a one year low of $75.60 and a one year high of $88.17. The firm has a 50 day moving average of $81.49 and a 200-day moving average of $81.67. The stock has a market cap of $13.74 billion, a P/E ratio of 30.48 and a beta of 0.70.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. During the same period last year, the company posted $0.73 EPS. Verisk Analytics’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Verisk Analytics will post $3.14 earnings per share for the current fiscal year.
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In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the transaction, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the completion of the transaction, the director now owns 9,989 shares in the company, valued at $823,692.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,304 shares of company stock valued at $1,410,728. 3.41% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in VRSK. Perigon Wealth Management LLC raised its position in shares of Verisk Analytics by 61.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after buying an additional 669 shares during the period. Sentry Investment Management LLC lifted its holdings in Verisk Analytics by 0.9% in the second quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after acquiring an additional 103 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Verisk Analytics by 17.5% in the second quarter. Toronto Dominion Bank now owns 63,762 shares of the business services provider’s stock valued at $5,381,000 after acquiring an additional 9,500 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Tandem Investment Advisors Inc. acquired a new position in Verisk Analytics in the second quarter valued at approximately $505,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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