Verisk Analytics, Inc. (NASDAQ:VRSK) Given Average Recommendation of “Hold” by Brokerages
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) have earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $84.60.
VRSK has been the topic of several recent analyst reports. SunTrust Banks, Inc. downgraded Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating on shares of Verisk Analytics in a report on Friday. UBS AG restated a “sell” rating and set a $75.00 price objective (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Credit Suisse Group restated a “neutral” rating and set a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Finally, BMO Capital Markets boosted their price objective on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a report on Friday, July 14th.
Verisk Analytics (VRSK) traded down 0.76% during trading on Tuesday, reaching $81.89. 597,378 shares of the company’s stock traded hands. Verisk Analytics has a 12 month low of $75.60 and a 12 month high of $88.17. The stock has a market capitalization of $13.48 billion, a P/E ratio of 29.77 and a beta of 0.66. The company has a 50-day moving average of $84.68 and a 200 day moving average of $82.13.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping the 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 analysts’ expectations of $519.67 million. During the same period in the previous year, the business earned $0.73 earnings per share. Verisk Analytics’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Verisk Analytics will post $3.13 earnings per share for the current fiscal year.
In other news, Director David B. Wright sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $80.32, for a total value of $1,204,800.00. Following the transaction, the director now owns 22,025 shares in the company, valued at approximately $1,769,048. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Lehman sold 8,247 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total value of $649,203.84. Following the completion of the transaction, the director now owns 115,073 shares in the company, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. Insiders sold a total of 27,551 shares of company stock worth $2,211,942 in the last quarter. 3.41% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of VRSK. Dock Street Asset Management Inc. boosted its position in Verisk Analytics by 138.7% in the first quarter. Dock Street Asset Management Inc. now owns 57,888 shares of the business services provider’s stock worth $4,697,000 after buying an additional 33,641 shares during the last quarter. Bank of Montreal Can boosted its position in Verisk Analytics by 26.4% in the first quarter. Bank of Montreal Can now owns 172,199 shares of the business services provider’s stock worth $13,972,000 after buying an additional 35,937 shares during the last quarter. Capstone Asset Management Co. boosted its position in Verisk Analytics by 3.4% in the first quarter. Capstone Asset Management Co. now owns 20,522 shares of the business services provider’s stock worth $1,665,000 after buying an additional 680 shares during the last quarter. Ledyard National Bank boosted its position in Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in Verisk Analytics by 16.2% in the first quarter. Gateway Investment Advisers LLC now owns 178,722 shares of the business services provider’s stock worth $14,502,000 after buying an additional 24,933 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.
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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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