Verisk Analytics’ (VRSK) Hold Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Verisk Analytics (NASDAQ:VRSK) in a report released on Sunday. Royal Bank Of Canada currently has a $90.00 target price on the business services provider’s stock.
A number of other research firms also recently commented on VRSK. SunTrust Banks restated a hold rating and set a $85.00 price target on shares of Verisk Analytics in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Verisk Analytics from a sell rating to a hold rating in a research report on Monday, October 9th. BMO Capital Markets restated a hold rating and set a $83.00 price target on shares of Verisk Analytics in a research report on Friday, September 15th. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a buy rating in a research report on Monday, August 21st. Finally, Morgan Stanley boosted their price target on shares of Verisk Analytics from $83.00 to $90.00 and gave the stock an equal weight rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Verisk Analytics currently has an average rating of Hold and an average target price of $91.15.
Verisk Analytics (VRSK) traded up $0.72 during mid-day trading on Friday, hitting $96.16. 565,100 shares of the company’s stock were exchanged, compared to its average volume of 810,126. Verisk Analytics has a one year low of $75.60 and a one year high of $98.60. The company has a market cap of $15,836.77, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $527.97 million. During the same period in the previous year, the firm earned $0.84 EPS. Verisk Analytics’s revenue was up 10.2% on a year-over-year basis. sell-side analysts anticipate that Verisk Analytics will post 3.17 EPS for the current year.
In other news, Director Andrew G. Mills sold 1,768 shares of Verisk Analytics stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $82.50, for a total value of $145,860.00. Following the transaction, the director now owns 102,525 shares of the company’s stock, valued at approximately $8,458,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,500 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $82.45, for a total transaction of $535,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,028 shares in the company, valued at approximately $1,074,158.60. The disclosure for this sale can be found here. Insiders sold a total of 308,146 shares of company stock worth $26,665,544 in the last ninety days. Corporate insiders own 3.41% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in VRSK. Janney Montgomery Scott LLC increased its position in shares of Verisk Analytics by 13.3% in the second quarter. Janney Montgomery Scott LLC now owns 7,467 shares of the business services provider’s stock worth $630,000 after acquiring an additional 878 shares in the last quarter. Sei Investments Co. increased its position in shares of Verisk Analytics by 26.1% in the second quarter. Sei Investments Co. now owns 40,471 shares of the business services provider’s stock worth $3,414,000 after acquiring an additional 8,367 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Verisk Analytics by 9.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,906 shares of the business services provider’s stock worth $836,000 after acquiring an additional 883 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Verisk Analytics by 23.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 594,589 shares of the business services provider’s stock worth $50,166,000 after acquiring an additional 114,838 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Verisk Analytics in the second quarter worth approximately $1,498,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
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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