Morgan Stanley Reaffirms Equal Weight Rating for Verisk Analytics, Inc. (NASDAQ:VRSK)
Verisk Analytics, Inc. (NASDAQ:VRSK)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. They presently have a $82.00 price objective on the business services provider’s stock, down from their prior price objective of $83.00. Morgan Stanley’s target price points to a potential downside of 3.80% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. UBS AG reaffirmed a “sell” rating and issued a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Macquarie raised shares of Verisk Analytics from a “neutral” rating to an “outperform” rating and upped their target price for the company from $90.00 to $95.00 in a research report on Friday, May 5th. BidaskClub raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, BMO Capital Markets upped their target price on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $85.00.
Verisk Analytics (NASDAQ:VRSK) traded up 0.52% during midday trading on Tuesday, hitting $85.68. 521,181 shares of the stock traded hands. The firm has a market cap of $14.17 billion, a PE ratio of 24.08 and a beta of 0.65. The stock has a 50-day moving average of $81.26 and a 200 day moving average of $81.57. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $87.40.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.04. Verisk Analytics had a net margin of 30.29% and a return on equity of 37.52%. The firm had revenue of $502.60 million during the quarter, compared to analysts’ expectations of $511.99 million. Equities analysts forecast that Verisk Analytics will post $3.18 EPS for the current year.
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In related news, Director David B. Wright sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $80.32, for a total transaction of $1,204,800.00. Following the sale, the director now directly owns 22,025 shares in the company, valued at $1,769,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the sale, the director now owns 110,666 shares in the company, valued at $9,129,945. The disclosure for this sale can be found here. Insiders have sold 29,247 shares of company stock worth $2,351,914 in the last three months. Corporate insiders own 3.41% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VRSK. ING Groep NV purchased a new stake in Verisk Analytics during the fourth quarter worth $816,000. California State Teachers Retirement System raised its stake in Verisk Analytics by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 313,286 shares of the business services provider’s stock worth $24,085,000 after buying an additional 5,000 shares during the last quarter. ExxonMobil Investment Management purchased a new stake in Verisk Analytics during the fourth quarter worth $2,686,000. Riverpark Capital Management LLC purchased a new stake in Verisk Analytics during the fourth quarter worth $1,499,000. Finally, KAMES CAPITAL plc purchased a new stake in Verisk Analytics during the fourth quarter worth $1,613,000. Hedge funds and other institutional investors own 92.00% 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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