Verisk Analytics (VRSK) Price Target Raised to $100.00

Verisk Analytics (NASDAQ:VRSK) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $90.00 to $100.00 in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 3.49% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price objective on shares of Verisk Analytics in a research report on Friday, December 8th. Keefe, Bruyette & Woods set a $101.00 price objective on shares of Verisk Analytics and gave the stock a “buy” rating in a research report on Friday, December 1st. Robert W. Baird reissued a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $96.29.

Verisk Analytics (NASDAQ VRSK) traded up $1.75 during mid-day trading on Thursday, hitting $96.63. 916,000 shares of the stock were exchanged, compared to its average volume of 890,844. The company has a market cap of $15,625.97, a PE ratio of 35.53, a PEG ratio of 2.43 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36. Verisk Analytics has a one year low of $75.60 and a one year high of $100.54.

In other Verisk Analytics news, CFO Lee Shavel bought 399 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $94.05 per share, for a total transaction of $37,525.95. Following the acquisition, the chief financial officer now directly owns 23,128 shares of the company’s stock, valued at approximately $2,175,188.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wright sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total transaction of $1,419,000.00. Following the completion of the sale, the director now owns 8,951 shares in the company, valued at approximately $846,764.60. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,177 shares of company stock worth $112,591 and sold 31,526 shares worth $2,987,428. Corporate insiders own 3.41% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gotham Asset Management LLC increased its stake in Verisk Analytics by 1.7% in the 2nd quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock valued at $228,000 after buying an additional 46 shares during the last quarter. Sentry Investment Management LLC increased its stake in Verisk Analytics by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after buying an additional 103 shares during the last quarter. HighTower Advisors LLC increased its stake in Verisk Analytics by 2.7% in the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after buying an additional 104 shares during the last quarter. Global X MANAGEMENT CO LLC increased its stake in Verisk Analytics by 13.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 4,885 shares of the business services provider’s stock valued at $406,000 after buying an additional 580 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in Verisk Analytics by 4.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the business services provider’s stock valued at $1,430,000 after buying an additional 600 shares during the last quarter. Institutional investors own 92.91% of the company’s stock.

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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.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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