Verisk Analytics, Inc. (VRSK) Price Target Raised to $83.00

Verisk Analytics, Inc. (NASDAQ:VRSK) had its target price hoisted by research analysts at Morgan Stanley from $82.00 to $83.00 in a research note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price would suggest a potential downside of 2.18% from the stock’s current price.

A number of other research analysts also recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $78.00 price target on shares of Verisk Analytics in a research note on Friday, October 13th. UBS AG reaffirmed a “sell” rating and issued a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. SunTrust Banks, Inc. downgraded Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price target on Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, 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 research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.58.

Shares of Verisk Analytics (VRSK) traded up 0.01% during trading on Monday, hitting $84.86. 223,540 shares of the stock were exchanged. The company has a market cap of $13.96 billion, a P/E ratio of 30.85 and a beta of 0.70. The firm’s 50-day moving average is $82.75 and its 200 day moving average is $82.14. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $88.17.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities analysts forecast that Verisk Analytics will post $3.13 earnings per share for the current fiscal year.

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In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the business’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 transaction, the director now owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher M. Foskett sold 1,304 shares of the business’s 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 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 three months, insiders have sold 17,304 shares of company stock valued at $1,410,728. Insiders own 3.41% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust grew its holdings in shares of Verisk Analytics by 40.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after purchasing an additional 380 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Verisk Analytics by 45.8% during the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after purchasing an additional 418 shares during the last quarter. Huntington National Bank grew its holdings in shares of Verisk Analytics by 29.6% during the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after purchasing an additional 354 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after purchasing an additional 669 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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