Verisk Analytics, Inc. (VRSK) Price Target Raised to $92.00 at Credit Suisse Group
Verisk Analytics, Inc. (NASDAQ:VRSK) had its price target boosted by analysts at Credit Suisse Group from $85.00 to $92.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s target price suggests a potential upside of 8.17% from the company’s previous close.
Other analysts have also issued research reports about the stock. UBS AG reissued a “sell” rating and issued a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday, July 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a report on Wednesday. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $85.00 target price on shares of Verisk Analytics in a report on Wednesday. Barclays PLC upped their target price on shares of Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets upped their target price on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday. One 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 stock. Verisk Analytics currently has an average rating of “Hold” and an average price target of $88.23.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year.
ILLEGAL ACTIVITY WARNING: “Verisk Analytics, Inc. (VRSK) Price Target Raised to $92.00 at Credit Suisse Group” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/verisk-analytics-inc-vrsk-price-target-raised-to-92-00-at-credit-suisse-group.html.
In other news, Director Christopher M. Foskett sold 1,304 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total value of $107,527.84. Following the completion of the sale, the director now owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth E. Thompson sold 69,793 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 72,815 shares of the company’s stock, valued at approximately $6,195,100.20. The disclosure for this sale can be found here. Insiders sold a total of 229,530 shares of company stock worth $19,475,282 in the last three months. Insiders own 3.41% of the company’s stock.
Several institutional investors have recently made changes to their positions in VRSK. Janus Henderson Group PLC boosted its stake in shares of Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock valued at $464,275,000 after purchasing an additional 5,156,187 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Verisk Analytics by 70.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock valued at $242,320,000 after purchasing an additional 1,190,340 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Verisk Analytics by 154.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock valued at $134,247,000 after purchasing an additional 979,475 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock valued at $1,295,340,000 after purchasing an additional 734,200 shares in the last quarter. Finally, Farallon Capital Management LLC purchased a new stake in shares of Verisk Analytics in the 2nd quarter valued at $40,736,000. 93.68% of the stock is owned by 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.
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.