Verisk Analytics, Inc. (NASDAQ:VRSK) Receives $254.31 Consensus Target Price from Analysts

Shares of Verisk Analytics, Inc. (NASDAQ:VRSKGet Free Report) have earned a consensus rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $254.31.

A number of research analysts have recently weighed in on the company. Evercore ISI restated an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a research report on Tuesday, March 26th. BMO Capital Markets lifted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd.

Read Our Latest Stock Analysis on Verisk Analytics

Insiders Place Their Bets

In other news, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction dated 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 directly owns 12,140 shares in the company, valued at $2,829,348.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,304 shares of company stock valued at $2,648,390. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Verisk Analytics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co lifted its position in Verisk Analytics by 6.3% during the 4th quarter. Smithfield Trust Co now owns 727 shares of the business services provider’s stock worth $175,000 after acquiring an additional 43 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Verisk Analytics by 2.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock worth $361,000 after purchasing an additional 43 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Verisk Analytics by 25.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 221 shares of the business services provider’s stock worth $53,000 after purchasing an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Verisk Analytics by 3.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,417 shares of the business services provider’s stock worth $335,000 after purchasing an additional 46 shares during the last quarter. Finally, Webster Bank N. A. increased its holdings in Verisk Analytics by 28.4% during the 1st quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock worth $49,000 after purchasing an additional 46 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Trading Up 0.9 %

Shares of VRSK stock opened at $253.64 on Friday. Verisk Analytics has a fifty-two week low of $214.67 and a fifty-two week high of $254.08. The stock has a market cap of $36.19 billion, a P/E ratio of 47.32, a P/E/G ratio of 3.08 and a beta of 0.79. The business has a fifty day simple moving average of $233.80 and a 200-day simple moving average of $237.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94.

Verisk Analytics (NASDAQ:VRSKGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter last year, the business posted $1.29 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts forecast that Verisk Analytics will post 6.53 earnings per share for the current fiscal year.

Verisk Analytics announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, June 14th. Verisk Analytics’s payout ratio is 29.10%.

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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