Verisk Analytics (VRSK) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of Verisk Analytics (NASDAQ:VRSK) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
According to Zacks, “Verisk continuously seeks to expand its portfolio by leveraging its deep knowledge and embedded position to develop new, proprietary data sets and predictive analytics. The company has extended its scalable data and analytic solutions by steadily putting resources into overseas markets. The scalability of its products has further led to highly cash-generative businesses characterized by high net margins and relatively low capital intensity. Verisk has also outperformed the industry in the last three months. However, Verisk is susceptible to operational risks related to security breaches in its facilities and databases, resulting in a loss of credibility. With modest revenue coming from the U.K., Verisk is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. The company is also susceptible to high volatility related to end-market headwinds in environmental health and safety solutions.”
Several other research firms also recently issued reports on VRSK. BidaskClub downgraded Verisk Analytics from a buy rating to a hold rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods set a $101.00 target price on Verisk Analytics and gave the stock a buy rating in a research report on Friday, December 1st. Royal Bank of Canada restated a hold rating and set a $90.00 target price on shares of Verisk Analytics in a research report on Sunday, December 10th. Cantor Fitzgerald restated a buy rating and set a $108.00 target price on shares of Verisk Analytics in a research report on Friday, December 8th. Finally, Goldman Sachs Group assumed coverage on Verisk Analytics in a research report on Wednesday, November 8th. They set a neutral rating and a $89.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $92.64.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to the consensus estimate of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. sell-side analysts forecast that Verisk Analytics will post 3.17 EPS for the current year.
In other Verisk Analytics news, CFO Lee Shavel acquired 388 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were bought at an average price of $96.61 per share, for a total transaction of $37,484.68. Following the completion of the transaction, the chief financial officer now owns 22,729 shares of the company’s stock, valued at approximately $2,195,848.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott G. Stephenson acquired 22,200 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $91.16 per share, for a total transaction of $2,023,752.00. Following the transaction, the chief executive officer now directly owns 577,441 shares of the company’s stock, valued at approximately $52,639,521.56. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 22,978 shares of company stock worth $2,098,817 and sold 327,172 shares worth $28,591,387. Company insiders own 3.41% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in Verisk Analytics by 2.7% in the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 104 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Verisk Analytics by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 691,437 shares of the business services provider’s stock valued at $57,522,000 after acquiring an additional 66,868 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Verisk Analytics by 12.0% in the third quarter. First Republic Investment Management Inc. now owns 10,763 shares of the business services provider’s stock valued at $895,000 after acquiring an additional 1,157 shares during the last quarter. New York State Common Retirement Fund increased its stake in Verisk Analytics by 1.6% in the third quarter. New York State Common Retirement Fund now owns 496,897 shares of the business services provider’s stock valued at $41,337,000 after acquiring an additional 7,819 shares during the last quarter. Finally, YCG LLC increased its stake in Verisk Analytics by 17.2% in the third quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock valued at $10,881,000 after acquiring an additional 19,182 shares during the last quarter. 92.91% of the stock is currently owned by institutional investors and hedge funds.
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Verisk Analytics Company Profile
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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