Verisk Analytics (NASDAQ:VRSK) Price Target Raised to $276.00

Verisk Analytics (NASDAQ:VRSK) had its target price increased by equities researchers at BMO Capital Markets from $263.00 to $276.00 in a report released on Friday, Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 0.99% from the stock’s previous close.

VRSK has been the topic of a number of other reports. UBS Group lifted their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley upped their target price on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and an average price target of $281.08.

Verisk Analytics Price Performance

NASDAQ VRSK traded down $1.42 during trading on Friday, reaching $273.30. The company’s stock had a trading volume of 210,188 shares, compared to its average volume of 794,093. The stock has a market capitalization of $38.92 billion, a PE ratio of 42.64, a P/E/G ratio of 3.50 and a beta of 0.86. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.95. The firm has a fifty day moving average of $268.92 and a 200 day moving average of $261.87. Verisk Analytics has a one year low of $217.34 and a one year high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Analysts expect that Verisk Analytics will post 6.58 EPS for the current fiscal year.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Verisk Analytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRSK. International Assets Investment Management LLC purchased a new stake in shares of Verisk Analytics in the second quarter valued at approximately $31,000. Chilton Capital Management LLC purchased a new position in shares of Verisk Analytics during the second quarter valued at $34,000. Rothschild Investment LLC bought a new stake in shares of Verisk Analytics in the second quarter valued at about $41,000. Kings Path Partners LLC bought a new position in Verisk Analytics during the 2nd quarter worth about $46,000. Finally, Crewe Advisors LLC purchased a new position in Verisk Analytics during the 1st quarter valued at about $49,000. 90.00% of the stock is 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.