Verisk Analytics (NASDAQ:VRSK) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday, January 4th.
VRSK has been the topic of several other reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $108.00 target price on shares of Verisk Analytics in a report on Friday, December 8th. Robert W. Baird reiterated a “buy” rating on shares of Verisk Analytics in a report on Wednesday, November 1st. Morgan Stanley boosted their target price on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. BMO Capital Markets boosted their target price on shares of Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.64.
Verisk Analytics (VRSK) traded up $0.33 on Thursday, reaching $96.67. 357,800 shares of the company were exchanged, compared to its average volume of 676,325. The firm has a market capitalization of $15,920.00, a price-to-earnings ratio of 35.67, a PEG ratio of 3.16 and a beta of 0.80. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $98.60. 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 (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.84 earnings per share. equities analysts anticipate that Verisk Analytics will post 3.17 EPS for the current year.
In other Verisk Analytics news, CEO Scott G. Stephenson bought 22,200 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $91.16 per share, with a total value of $2,023,752.00. Following the purchase, the chief executive officer now directly owns 577,441 shares in the company, valued at $52,639,521.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee Shavel bought 390 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average cost of $96.36 per share, for a total transaction of $37,580.40. Following the completion of the purchase, the chief financial officer now owns 22,341 shares in the company, valued at $2,152,778.76. The disclosure for this purchase can be found here. Over the last three months, insiders bought 22,978 shares of company stock worth $2,098,817 and sold 327,172 shares worth $28,591,387. 3.41% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Verisk Analytics by 5.0% during 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 in the last quarter. Harding Loevner LP grew its holdings in Verisk Analytics by 95.4% during the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock worth $243,146,000 after acquiring an additional 2,855,204 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Verisk Analytics by 1,487.4% during 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 in the last quarter. Principal Financial Group Inc. grew its holdings in Verisk Analytics by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 4,041,740 shares of the business services provider’s stock worth $336,233,000 after acquiring an additional 47,683 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Verisk Analytics by 3.5% in the 2nd quarter. Alliancebernstein L.P. now owns 3,124,769 shares of the business services provider’s stock valued at $263,637,000 after buying an additional 106,402 shares in the last quarter. Institutional investors own 92.84% 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.
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