Verisk Analytics, Inc. (NASDAQ:VRSK) had its target price raised by investment analysts at Morgan Stanley from $82.00 to $83.00 in a report issued on Monday. The firm currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential downside of 2.18% from the company’s previous close.

VRSK has been the subject of a number of other research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 price objective on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research downgraded shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $90.00 price objective on shares of Verisk Analytics and gave the stock a “buy” rating in a report on Monday, August 21st. One investment 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’s stock. The stock currently has an average rating of “Hold” and an average target price of $84.58.

Shares of Verisk Analytics (VRSK) traded up 0.1465% on Monday, hitting $84.9743. 207,891 shares of the stock traded hands. The firm has a market cap of $13.98 billion, a P/E ratio of 30.8885 and a beta of 0.70. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $88.17. The firm’s 50-day moving average is $82.75 and its 200 day moving average is $82.14.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. During the same quarter last year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Verisk Analytics will post $3.13 EPS 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 sale, the director now directly owns 13,951 shares in the company, valued at $1,127,519.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the completion of the sale, the director now owns 105,525 shares in the company, valued at $8,705,812.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,304 shares of company stock worth $1,410,728. 3.41% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Accident Compensation Corp purchased a new position in Verisk Analytics in the 4th quarter worth about $7,685,000. Ameriprise Financial Inc. grew its stake in Verisk Analytics by 576.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 558,253 shares of the business services provider’s stock valued at $45,378,000 after acquiring an additional 475,730 shares in the last quarter. ExxonMobil Investment Management purchased a new position in Verisk Analytics during the 4th quarter valued at about $2,686,000. Empire Life Investments Inc. purchased a new position in Verisk Analytics during the 4th quarter valued at about $10,776,000. Finally, Cadence Capital Management LLC grew its stake in Verisk Analytics by 8.7% during the 4th quarter. Cadence Capital Management LLC now owns 3,402 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 271 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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