Royal Bank Of Canada Reaffirms Hold Rating for Verisk Analytics, Inc. (VRSK)

Verisk Analytics, Inc. (NASDAQ:VRSK)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Thursday. They currently have a $83.00 price objective on the business services provider’s stock. Royal Bank Of Canada’s price target would indicate a potential downside of 2.41% from the company’s previous close.

VRSK has been the subject of several other research reports. BMO Capital Markets reissued a “hold” rating and set a $83.00 price objective on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research downgraded shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $85.00 price target (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the company a “buy” rating in a report on Monday, August 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 price target (down previously from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $88.23.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 38.75%. The business had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue was up 10.2% on a year-over-year basis.

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In other Verisk Analytics news, Director Andrew G. Mills sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.50, for a total value of $101,640.00. Following the completion of the sale, the director now owns 104,293 shares of the company’s stock, valued at $8,604,172.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher M. Foskett sold 1,304 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total transaction of $107,527.84. Following the completion of the sale, 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 three months, insiders sold 229,530 shares of company stock valued at $19,475,282. 3.41% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in VRSK. OppenheimerFunds Inc. lifted its stake in Verisk Analytics by 7.9% in the first quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock worth $247,000 after purchasing an additional 222 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Verisk Analytics by 5.0% in the first quarter. Thrivent Financial For Lutherans now owns 5,680 shares of the business services provider’s stock worth $461,000 after purchasing an additional 270 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Verisk Analytics by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 535,380 shares of the business services provider’s stock worth $43,439,000 after purchasing an additional 24,710 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Verisk Analytics in the first quarter worth about $361,000. Finally, DnB Asset Management AS lifted its stake in Verisk Analytics by 17.5% in the second quarter. DnB Asset Management AS now owns 22,151 shares of the business services provider’s stock worth $1,869,000 after purchasing an additional 3,300 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

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.

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