Verisk Analytics (NASDAQ:VRSK) Receives In-Line Rating from Evercore ISI

Evercore ISI restated their in-line rating on shares of Verisk Analytics (NASDAQ:VRSK) in a research note released on Wednesday morning, MarketBeat reports. Evercore ISI currently has a $279.00 price objective on the business services provider’s stock.

VRSK has been the subject of several other research reports. UBS Group raised their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a neutral rating in a report on Tuesday, July 9th. Royal Bank of Canada reissued an outperform rating and set a $268.00 target price on shares of Verisk Analytics in a report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Verisk Analytics from $278.00 to $263.00 and set a market perform rating on the stock in a research report on Thursday, August 1st. Morgan Stanley raised their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an equal weight rating in a research report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an overweight rating in a research report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics presently has an average rating of Moderate Buy and an average price target of $276.69.

Verisk Analytics Trading Down 1.8 %

NASDAQ VRSK opened at $265.67 on Wednesday. The company has a fifty day simple moving average of $268.40 and a two-hundred day simple moving average of $257.05. The stock has a market cap of $37.90 billion, a P/E ratio of 49.57, a P/E/G ratio of 3.41 and a beta of 0.86. Verisk Analytics has a 12-month low of $215.32 and a 12-month high of $287.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. During the same quarter last year, the company posted $1.51 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Verisk Analytics will post 6.56 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were given a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the sale, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Verisk Analytics

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of Verisk Analytics in the second quarter worth about $31,000. Chilton Capital Management LLC purchased a new position in Verisk Analytics during the second quarter worth about $34,000. OFI Invest Asset Management purchased a new position in Verisk Analytics during the first quarter worth about $28,000. Rothschild Investment LLC purchased a new position in Verisk Analytics during the second quarter worth about $41,000. Finally, Riverview Trust Co purchased a new position in Verisk Analytics during the first quarter worth about $40,000. 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.