Verisk Analytics, Inc. (VRSK) Receives Hold Rating from BMO Capital Markets
Verisk Analytics, Inc. (NASDAQ:VRSK)‘s stock had its “hold” rating restated by equities researchers at BMO Capital Markets in a report issued on Friday. They presently have a $83.00 price objective on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 2.43% from the company’s current price.
Several other analysts also recently weighed in on VRSK. UBS AG reiterated a “sell” rating and issued a $75.00 price objective (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday, July 14th. SunTrust Banks, Inc. downgraded Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the company a “buy” rating in a research report on Monday, August 21st. Credit Suisse Group reiterated a “neutral” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and a consensus price target of $85.38.
Shares of Verisk Analytics (VRSK) traded up 0.42% on Friday, reaching $81.03. 1,188,847 shares of the company were exchanged. The firm has a market capitalization of $13.33 billion, a PE ratio of 29.45 and a beta of 0.68. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $88.17. The stock’s 50-day moving average is $81.99 and its 200 day moving average is $81.75.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. Verisk Analytics’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, analysts forecast that Verisk Analytics will post $3.14 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/15/verisk-analytics-inc-vrsk-receives-hold-rating-from-bmo-capital-markets.html.
In related news, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the transaction, the director now owns 13,951 shares in the company, valued at $1,127,519.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the transaction, the director now owns 105,525 shares of the company’s stock, valued at approximately $8,705,812.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,304 shares of company stock valued at $1,413,638. 3.41% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Verisk Analytics by 5.0% in the second quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after purchasing an additional 734,200 shares in the last quarter. BlackRock Inc. raised its holdings in Verisk Analytics by 2,758.9% in the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after purchasing an additional 9,276,635 shares in the last quarter. State Street Corp raised its holdings in Verisk Analytics by 1.2% in the first quarter. State Street Corp now owns 6,496,095 shares of the business services provider’s stock worth $527,082,000 after purchasing an additional 76,648 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Verisk Analytics by 1,487.4% in the second quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after purchasing an additional 5,156,187 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Verisk Analytics by 96.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after purchasing an additional 2,060,620 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.
About Verisk Analytics
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.
Receive News & Ratings for Verisk Analytics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.