Several other equities analysts have also recently weighed in on the stock. Morgan Stanley raised their target price on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. Royal Bank Of Canada reaffirmed a hold rating and set a $78.00 target price on shares of Verisk Analytics in a research note on Friday, October 13th. Zacks Investment Research raised shares of Verisk Analytics from a sell rating to a hold rating in a research note on Monday, October 9th. BMO Capital Markets reaffirmed a hold rating and set a $83.00 target price on shares of Verisk Analytics in a research note on Friday, September 15th. Finally, Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the company a buy rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $88.23.
Verisk Analytics (VRSK) traded up $0.01 on Wednesday, reaching $91.03. 877,081 shares of the company traded hands, compared to its average volume of 736,511. The stock has a market capitalization of $14.99 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.26 and a beta of 0.76. The company has a quick ratio of 0.71, a current ratio of 0.45 and a debt-to-equity ratio of 1.36. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $91.41.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The company had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. Verisk Analytics’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. analysts anticipate that Verisk Analytics will post 3.15 earnings per share for the current year.
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In other news, EVP Kenneth E. Thompson sold 80,207 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total value of $6,828,021.91. Following the completion of the sale, the executive vice president now owns 107,264 shares in the company, valued at approximately $9,131,384.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold 293,950 shares of company stock valued at $25,301,427 in the last quarter. 3.41% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in VRSK. Janus Henderson Group PLC lifted its holdings in shares of Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after acquiring an additional 5,156,187 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Verisk Analytics by 70.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock worth $242,320,000 after acquiring an additional 1,190,340 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Verisk Analytics by 154.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock worth $134,247,000 after acquiring an additional 979,475 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after acquiring an additional 734,200 shares during the last quarter. Finally, Farallon Capital Management LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth about $40,736,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.
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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