Verisk Analytics (VRSK) Upgraded to “Buy” at BidaskClub

Verisk Analytics (NASDAQ:VRSK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley boosted their price objective on Verisk Analytics from $91.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on Verisk Analytics to $100.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 price objective on shares of Verisk Analytics in a report on Friday, December 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $108.00 price objective on shares of Verisk Analytics in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $94.50.

Shares of Verisk Analytics (VRSK) opened at $95.01 on Wednesday. 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 stock has a market capitalization of $15,570.00, a price-to-earnings ratio of 35.06, a P/E/G ratio of 2.53 and a beta of 0.76. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $100.54.

In related news, CFO Lee Shavel purchased 390 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average price of $96.36 per share, for a total transaction of $37,580.40. Following the acquisition, the chief financial officer now directly owns 22,341 shares in the company, valued at $2,152,778.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total value of $278,160.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,026 shares of company stock worth $3,488,038. 3.41% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of VRSK. HighTower Advisors LLC boosted its position in shares of Verisk Analytics by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after acquiring an additional 104 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Verisk Analytics by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 691,437 shares of the business services provider’s stock worth $57,522,000 after acquiring an additional 66,868 shares in the last quarter. Accident Compensation Corp acquired a new position in shares of Verisk Analytics during the 4th quarter worth about $7,685,000. First Republic Investment Management Inc. boosted its position in shares of Verisk Analytics by 12.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 10,763 shares of the business services provider’s stock worth $895,000 after acquiring an additional 1,157 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Verisk Analytics by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 496,897 shares of the business services provider’s stock worth $41,337,000 after acquiring an additional 7,819 shares in the last quarter. Institutional investors own 92.72% of the company’s stock.

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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.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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