Verisk Analytics, Inc. (NASDAQ:VRSK) – Cantor Fitzgerald decreased their FY2017 earnings per share (EPS) estimates for shares of Verisk Analytics in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will earn $3.14 per share for the year, down from their prior forecast of $3.21. Cantor Fitzgerald currently has a “Buy” rating and a $92.00 price target on the stock. Cantor Fitzgerald also issued estimates for Verisk Analytics’ FY2018 earnings at $3.49 EPS.
Other analysts have also recently issued research reports about the stock. UBS AG restated a “sell” rating and set a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Macquarie upgraded shares of Verisk Analytics from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $95.00 in a report on Friday, May 5th. BidaskClub upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Verisk Analytics from $85.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.00.
Verisk Analytics (NASDAQ VRSK) opened at 81.89 on Wednesday. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 29.77 and a beta of 0.66. The company’s 50-day moving average is $84.68 and its 200 day moving average is $82.13. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. Verisk Analytics’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share.
In other news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the transaction, the director now owns 107,666 shares of the company’s stock, valued at approximately $8,986,881.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the completion of the transaction, the director now directly owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,551 shares of company stock valued at $2,211,942. 3.41% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of VRSK. Bronfman E.L. Rothschild L.P. raised its position in Verisk Analytics by 10.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 9,323 shares of the business services provider’s stock valued at $787,000 after buying an additional 918 shares in the last quarter. Principal Financial Group Inc. raised its position in Verisk Analytics by 5.1% in the second quarter. Principal Financial Group Inc. now owns 3,994,057 shares of the business services provider’s stock valued at $336,979,000 after buying an additional 193,782 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Verisk Analytics during the second quarter valued at about $1,742,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Verisk Analytics by 28.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,554 shares of the business services provider’s stock valued at $3,000,000 after buying an additional 7,797 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Verisk Analytics by 70.8% in the second quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock valued at $242,320,000 after buying an additional 1,190,340 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other 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.
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