Bank of America assumed coverage on shares of Verisk Analytics (NASDAQ:VRSK) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued a neutral rating and a $125.00 price objective on the business services provider’s stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Verisk Analytics from a buy rating to a hold rating in a report on Thursday, July 19th. Morgan Stanley raised their price target on Verisk Analytics from $107.00 to $108.00 and gave the company a hold rating in a report on Wednesday, July 18th. BidaskClub cut Verisk Analytics from a strong-buy rating to a buy rating in a report on Wednesday, August 22nd. Keefe, Bruyette & Woods cut Verisk Analytics from an outperform rating to a market perform rating and set a $90.00 price target for the company. in a report on Thursday, August 2nd. Finally, SunTrust Banks reaffirmed a hold rating and set a $109.00 price target on shares of Verisk Analytics in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $107.93.
Shares of VRSK traded down $1.83 during mid-day trading on Tuesday, reaching $113.08. The company had a trading volume of 16,756 shares, compared to its average volume of 830,736. Verisk Analytics has a twelve month low of $84.29 and a twelve month high of $122.80. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.99. The stock has a market cap of $19.22 billion, a PE ratio of 35.19, a PEG ratio of 2.55 and a beta of 0.65.
In other Verisk Analytics news, CEO Scott G. Stephenson sold 61,450 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $115.45, for a total value of $7,094,402.50. Following the transaction, the chief executive officer now directly owns 702,755 shares in the company, valued at approximately $81,133,064.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $121.97, for a total value of $365,910.00. Following the completion of the transaction, the director now owns 82,605 shares in the company, valued at $10,075,331.85. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 945 shares of company stock worth $112,226 and sold 377,684 shares worth $44,289,589. 3.19% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Verisk Analytics by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock valued at $1,128,890,000 after buying an additional 361,670 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Verisk Analytics by 17.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock valued at $726,290,000 after buying an additional 987,698 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Verisk Analytics by 6.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,998,795 shares of the business services provider’s stock worth $538,070,000 after purchasing an additional 308,154 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Verisk Analytics by 0.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,850,923 shares of the business services provider’s stock worth $199,211,000 after purchasing an additional 15,418 shares during the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in shares of Verisk Analytics by 729.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,836,705 shares of the business services provider’s stock worth $197,703,000 after purchasing an additional 1,615,337 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
Further Reading: Fundamental Analysis
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