Verisk Analytics (NASDAQ:VRSK) had its price target increased by analysts at Royal Bank of Canada to $100.00 in a report released on Friday. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 1.11% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. BidaskClub cut Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $106.00 target price on shares of Verisk Analytics in a research note on Friday, December 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 target price on shares of Verisk Analytics in a research note on Friday, December 8th. Finally, Goldman Sachs Group assumed coverage on Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $93.36.
Shares of Verisk Analytics (NASDAQ VRSK) traded up $0.70 on Friday, hitting $98.90. The stock had a trading volume of 1,090,000 shares, compared to its average volume of 560,355. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $99.09. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $16,172.75, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 3.21 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The company had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. research analysts predict that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $96.38, for a total value of $289,140.00. Following the completion of the sale, the director now owns 96,525 shares of the company’s stock, valued at $9,303,079.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lee Shavel acquired 388 shares of Verisk Analytics stock in a transaction on Wednesday, January 10th. The stock was purchased at an average cost of $96.61 per share, with a total value of $37,484.68. Following the purchase, the chief financial officer now directly owns 22,729 shares of the company’s stock, valued at approximately $2,195,848.69. The disclosure for this purchase can be found here. In the last three months, insiders acquired 22,978 shares of company stock valued at $2,098,817 and sold 264,946 shares valued at $23,292,843. Company insiders own 3.41% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its position in shares of Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,268 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after buying an additional 669 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Verisk Analytics during the second quarter valued at approximately $153,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Verisk Analytics during the second quarter valued at approximately $161,000. Finally, Bank of Nova Scotia Trust Co. purchased a new position in shares of Verisk Analytics during the third quarter valued at approximately $164,000. 92.91% of the stock is currently owned by institutional investors.
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.