Verisk Analytics (NASDAQ:VRSK) Price Target Raised to $282.00

Verisk Analytics (NASDAQ:VRSK) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $280.00 to $282.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.75% from the company’s current price.

Several other research firms have also recently commented on VRSK. BMO Capital Markets decreased their target price on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $268.00 price objective on shares of Verisk Analytics in a research report on Thursday. UBS Group boosted their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Evercore ISI raised their price target on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Morgan Stanley lifted their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $268.29.

Verisk Analytics Trading Down 0.9 %

Shares of NASDAQ VRSK traded down $2.44 during midday trading on Thursday, reaching $259.31. The stock had a trading volume of 472,309 shares, compared to its average volume of 842,653. The company’s 50 day moving average price is $268.40 and its 200 day moving average price is $248.56. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. Verisk Analytics has a twelve month low of $215.32 and a twelve month high of $287.13. The firm has a market cap of $37.00 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 3.56 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.10. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $722.45 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. Verisk Analytics’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Verisk Analytics will post 6.55 EPS for the current year.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the sale, the insider now directly owns 7,470 shares of the company’s stock, valued at approximately $2,033,483.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares in the company, valued at $4,356,444.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,237 shares of company stock worth $572,739. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in shares of Verisk Analytics in the 1st quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in Verisk Analytics in the second quarter worth $31,000. Frazier Financial Advisors LLC bought a new stake in shares of Verisk Analytics in the fourth quarter valued at $32,000. DSM Capital Partners LLC purchased a new position in shares of Verisk Analytics during the 4th quarter valued at $33,000. Finally, Global Retirement Partners LLC increased its holdings in Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after acquiring an additional 49 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.