Verisk Analytics Inc. (NASDAQ:VRSK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $94.00 price target on the stock. Zacks Investment Research’s price objective points to a potential upside of 11.71% from the company’s current price.
According to Zacks, “Verisk Analytics is a leading provider of information about risk to professionals in insurance, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. “
Other research analysts also recently issued reports about the company. Cantor Fitzgerald set a $87.00 price target on Verisk Analytics and gave the company a “buy” rating in a report on Wednesday, August 3rd. Macquarie began coverage on Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price target for the company. Finally, BMO Capital Markets reissued a “hold” rating on shares of Verisk Analytics in a report on Thursday, November 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.14.
Verisk Analytics (NASDAQ:VRSK) traded down 0.40% on Tuesday, hitting $83.81. The stock had a trading volume of 55,428 shares. Verisk Analytics has a 12 month low of $64.79 and a 12 month high of $86.00. The company has a 50-day moving average of $81.88 and a 200 day moving average of $81.42. The company has a market cap of $14.03 billion, a PE ratio of 24.15 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, November 1st. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The firm earned $498.10 million during the quarter, compared to the consensus estimate of $496.70 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Verisk Analytics will post $3.08 EPS for the current fiscal year.
In related news, SVP Vincent De P. Mccarthy sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $83.70, for a total transaction of $200,880.00. Following the completion of the sale, the senior vice president now directly owns 34,349 shares in the company, valued at $2,875,011.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $81.62, for a total value of $1,632,400.00. Following the sale, the chief operating officer now owns 74,090 shares of the company’s stock, valued at $6,047,225.80. The disclosure for this sale can be found here. 3.47% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. ETRADE Capital Management LLC boosted its stake in shares of Verisk Analytics by 52.3% in the third quarter. ETRADE Capital Management LLC now owns 9,770 shares of the company’s stock valued at $795,000 after buying an additional 3,354 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Verisk Analytics by 26.7% in the third quarter. D.A. Davidson & CO. now owns 19,778 shares of the company’s stock valued at $1,604,000 after buying an additional 4,172 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Verisk Analytics during the third quarter valued at approximately $443,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Verisk Analytics by 0.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,942,650 shares of the company’s stock valued at $564,299,000 after buying an additional 36,446 shares during the last quarter. Finally, Covington Capital Management boosted its stake in shares of Verisk Analytics by 44.7% in the third quarter. Covington Capital Management now owns 8,120 shares of the company’s stock valued at $660,000 after buying an additional 2,510 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.