Verisk Analytics, Inc. (VRSK) Price Target Raised to $90.00
Verisk Analytics, Inc. (NASDAQ:VRSK) had its price target hoisted by research analysts at Morgan Stanley from $83.00 to $90.00 in a research report issued on Thursday. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 5.82% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Royal Bank Of Canada restated a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Credit Suisse Group restated a “neutral” rating and set a $85.00 price target (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $88.23.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 38.75%. The business had revenue of $549.10 million for the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year.
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In other Verisk Analytics news, EVP Kenneth E. Thompson sold 62,226 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $85.15, for a total value of $5,298,543.90. Following the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at $9,133,529.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth E. Thompson sold 80,207 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the completion of the transaction, the executive vice president now owns 107,264 shares in the company, valued at $9,131,384.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 229,530 shares of company stock worth $19,475,282. Corporate insiders own 3.41% of the company’s stock.
Several hedge funds have recently made changes to their positions in VRSK. OppenheimerFunds Inc. lifted its stake in shares of Verisk Analytics by 7.9% during the 1st quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock valued at $247,000 after buying an additional 222 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Verisk Analytics by 5.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 5,680 shares of the business services provider’s stock valued at $461,000 after buying an additional 270 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Verisk Analytics by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 535,380 shares of the business services provider’s stock valued at $43,439,000 after buying an additional 24,710 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Verisk Analytics during the 1st quarter valued at approximately $361,000. Finally, DnB Asset Management AS lifted its stake in shares of Verisk Analytics by 17.5% during the 2nd quarter. DnB Asset Management AS now owns 22,151 shares of the business services provider’s stock valued at $1,869,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 93.68% 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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