Keefe, Bruyette & Woods Reaffirms “Buy” Rating for Verisk Analytics (VRSK)
Keefe, Bruyette & Woods restated their buy rating on shares of Verisk Analytics (NASDAQ:VRSK) in a research note published on Friday morning. They currently have a $106.00 price objective on the business services provider’s stock.
VRSK has been the subject of a number of other reports. 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. Barclays boosted their target price on shares of Verisk Analytics from $86.00 to $105.00 and gave the company an overweight rating in a research report on Thursday, November 2nd. BMO Capital Markets restated a hold rating and set a $83.00 target price on shares of Verisk Analytics in a research report on Friday, September 15th. Morgan Stanley boosted their target price on shares of Verisk Analytics from $83.00 to $90.00 and gave the company an equal weight rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of Verisk Analytics from a hold rating to a sell rating in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $91.54.
Shares of Verisk Analytics (NASDAQ VRSK) opened at $95.33 on Friday. Verisk Analytics has a one year low of $75.60 and a one year high of $98.60. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $15,660.00, a price-to-earnings ratio of 35.18, a PEG ratio of 3.39 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The business had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. research analysts predict that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In other Verisk Analytics news, EVP Kenneth E. Thompson sold 80,207 shares of Verisk Analytics stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total value of $6,828,021.91. Following the completion of the transaction, the executive vice president now owns 107,264 shares of the company’s stock, valued at $9,131,384.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth E. Thompson sold 62,226 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the sale, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,133,529.60. The disclosure for this sale can be found here. Insiders sold 330,172 shares of company stock valued at $28,838,887 in the last ninety days. 3.41% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in VRSK. Advisory Services Network LLC increased its stake in shares of Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after purchasing an additional 669 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Verisk Analytics during the second quarter worth about $153,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Verisk Analytics during the second quarter worth about $161,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Verisk Analytics during the third quarter worth about $164,000. 92.84% of the stock is owned by institutional investors and hedge funds.
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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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