Verisk Analytics, Inc. (VRSK) Price Target Raised to $91.00 at BMO Capital Markets
Verisk Analytics, Inc. (NASDAQ:VRSK) had its target price upped by research analysts at BMO Capital Markets to $91.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 7.00% from the stock’s current price.
VRSK has been the topic of a number of other research reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $85.00 target price on shares of Verisk Analytics in a research report on Wednesday. Credit Suisse Group restated a “neutral” rating and issued a $85.00 price target (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. UBS AG reiterated a “sell” rating and issued a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $85.25.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $527.97 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.
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In other Verisk Analytics news, EVP Kenneth E. Thompson sold 69,793 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $85.08, for a total transaction of $5,937,988.44. Following the sale, the executive vice president now directly owns 72,815 shares in the company, valued at $6,195,100.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. Insiders have sold 229,530 shares of company stock worth $19,475,282 over the last quarter. Insiders own 3.41% of the company’s stock.
A number of large investors have recently modified their holdings of VRSK. OppenheimerFunds Inc. increased its stake in Verisk Analytics by 7.9% during the first quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock worth $247,000 after purchasing an additional 222 shares during the period. Thrivent Financial For Lutherans increased its stake in Verisk Analytics by 5.0% during the first quarter. Thrivent Financial For Lutherans now owns 5,680 shares of the business services provider’s stock worth $461,000 after purchasing an additional 270 shares during the period. Dimensional Fund Advisors LP increased its stake in Verisk Analytics by 4.8% during the first quarter. Dimensional Fund Advisors LP now owns 535,380 shares of the business services provider’s stock worth $43,439,000 after purchasing an additional 24,710 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Verisk Analytics during the first quarter worth about $361,000. Finally, DnB Asset Management AS increased its stake in Verisk Analytics by 17.5% during the second quarter. DnB Asset Management AS now owns 22,151 shares of the business services provider’s stock worth $1,869,000 after purchasing an additional 3,300 shares during the period. 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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