Verisk Analytics, Inc. (NASDAQ:VRSK) Receives $252.00 Consensus Price Target from Brokerages

Shares of Verisk Analytics, Inc. (NASDAQ:VRSKGet Free Report) have earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $252.00.

A number of research analysts have issued reports on VRSK shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $253.00 target price (up previously from $252.00) on shares of Verisk Analytics in a research report on Friday, December 8th. Bank of America lowered shares of Verisk Analytics from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $270.00 to $260.00 in a research report on Monday, January 8th. Finally, Evercore ISI restated an “in-line” rating and set a $250.00 target price on shares of Verisk Analytics in a research report on Tuesday, March 26th.

Read Our Latest Analysis on VRSK

Insider Activity at Verisk Analytics

In related news, CAO David J. Grover sold 6,481 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total value of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Nicholas Daffan sold 1,507 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $235.64, for a total transaction of $355,109.48. Following the completion of the transaction, the insider now owns 48,860 shares of the company’s stock, valued at $11,513,370.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David J. Grover sold 6,481 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the transaction, the chief accounting officer now directly owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,278 shares of company stock valued at $2,662,515 in the last quarter. Insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Verisk Analytics

Several large investors have recently modified their holdings of VRSK. Quarry LP bought a new position in Verisk Analytics during the first quarter worth $27,000. CVA Family Office LLC bought a new position in Verisk Analytics during the fourth quarter worth $30,000. Sunbelt Securities Inc. raised its stake in Verisk Analytics by 67.5% during the second quarter. Sunbelt Securities Inc. now owns 134 shares of the business services provider’s stock worth $30,000 after buying an additional 54 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Verisk Analytics during the second quarter worth $30,000. Finally, Frazier Financial Advisors LLC bought a new position in Verisk Analytics during the fourth quarter worth $32,000. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Up 0.8 %

Verisk Analytics stock opened at $235.73 on Friday. The stock has a market cap of $33.80 billion, a P/E ratio of 55.99, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 8.85. Verisk Analytics has a twelve month low of $186.96 and a twelve month high of $251.98. The company’s 50-day moving average price is $241.25 and its two-hundred day moving average price is $238.88.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a net margin of 22.92% and a return on equity of 305.15%. The company had revenue of $677.20 million during the quarter, compared to the consensus estimate of $673.56 million. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts expect that Verisk Analytics will post 6.48 EPS for the current year.

Verisk Analytics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.39 per share. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.66%. Verisk Analytics’s dividend payout ratio (DPR) is currently 37.05%.

Verisk Analytics declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Verisk Analytics Company Profile

(Get Free Report

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.

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