Verisk Analytics (NASDAQ:VRSK) PT Raised to $260.00

Verisk Analytics (NASDAQ:VRSK) had its price target boosted by investment analysts at Evercore ISI from $250.00 to $260.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the business services provider’s stock. Evercore ISI’s price target indicates a potential downside of 3.65% from the stock’s previous close.

Separately, BMO Capital Markets increased their price target on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $255.08.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $269.86 on Tuesday. The business’s 50 day simple moving average is $248.11 and its 200 day simple moving average is $241.55. Verisk Analytics has a one year low of $215.32 and a one year high of $273.70. The stock has a market capitalization of $38.50 billion, a PE ratio of 50.35, a PEG ratio of 3.39 and a beta of 0.83. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million for the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the prior year, the business posted $1.29 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Verisk Analytics will post 6.55 earnings per share for the current year.

Insider Activity at Verisk Analytics

In related news, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the sale, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the sale, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The disclosure for this sale can be found here. In the last three months, insiders sold 3,265 shares of company stock valued at $774,953. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Verisk Analytics

Several large investors have recently made changes to their positions in the business. SRN Advisors LLC increased its position in shares of Verisk Analytics by 5.0% during the 1st quarter. SRN Advisors LLC now owns 5,851 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 280 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Verisk Analytics by 19.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after acquiring an additional 42 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Verisk Analytics by 4.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 110,949 shares of the business services provider’s stock worth $25,815,000 after acquiring an additional 4,639 shares during the last quarter. Cetera Advisors LLC increased its holdings in Verisk Analytics by 353.0% in the 1st quarter. Cetera Advisors LLC now owns 13,200 shares of the business services provider’s stock worth $3,112,000 after acquiring an additional 10,286 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Verisk Analytics by 166.1% in the 1st quarter. Cetera Investment Advisers now owns 54,515 shares of the business services provider’s stock worth $12,851,000 after acquiring an additional 34,032 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Company Profile

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.