Verisk Analytics, Inc. (VRSK) Price Target Cut to $82.00

Verisk Analytics, Inc. (NASDAQ:VRSK) had its price target decreased by research analysts at Royal Bank Of Canada from $85.00 to $82.00 in a report issued on Tuesday, May 9th, Marketbeat Ratings reports. The brokerage currently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 0.51% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, February 22nd. Citigroup Inc. lowered shares of Verisk Analytics to a “neutral” rating and set a $89.00 target price on the stock. in a report on Wednesday, February 15th. They noted that the move was a valuation call. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of Verisk Analytics in a report on Wednesday, February 15th. Zacks Investment Research lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Finally, J P Morgan Chase & Co lowered shares of Verisk Analytics from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $87.00 to $75.00 in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $86.89.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

Verisk Analytics (VRSK) traded up 0.28% during trading on Tuesday, hitting $82.65. 265,194 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $80.38 and its 200 day moving average price is $81.52. The stock has a market cap of $13.67 billion, a P/E ratio of 23.23 and a beta of 0.66. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $87.40.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.04. Verisk Analytics had a return on equity of 37.52% and a net margin of 30.29%. The firm had revenue of $502.60 million during the quarter, compared to analyst estimates of $511.99 million. Analysts anticipate that Verisk Analytics will post $3.18 earnings per share for the current fiscal year.

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In related news, CFO Eva F. Huston sold 1,267 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $79.98, for a total value of $101,334.66. Following the completion of the transaction, the chief financial officer now owns 11,920 shares of the company’s stock, valued at $953,361.60. The transaction was disclosed in a legal filing with the SEC, 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 Monday, April 24th. The shares were sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the transaction, the director now directly owns 110,666 shares of the company’s stock, valued at approximately $9,129,945. The disclosure for this sale can be found here. Insiders sold 40,489 shares of company stock valued at $3,247,715 over the last three months. 3.41% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRSK. Mason Street Advisors LLC boosted its position in Verisk Analytics by 0.4% in the first quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock worth $1,735,000 after buying an additional 75 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Verisk Analytics by 2.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,242 shares of the business services provider’s stock valued at $322,000 after buying an additional 87 shares during the period. Douglass Winthrop Advisors LLC boosted its stake in Verisk Analytics by 2.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,358 shares of the business services provider’s stock valued at $272,000 after buying an additional 90 shares during the period. Conning Inc. boosted its stake in Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock valued at $243,000 after buying an additional 90 shares during the period. Finally, Shell Asset Management Co. boosted its stake in Verisk Analytics by 0.6% in the first quarter. Shell Asset Management Co. now owns 16,342 shares of the business services provider’s stock valued at $1,326,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 94.25% 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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