Verisk Analytics (NASDAQ:VRSK) Stock Rating Lowered by BidaskClub

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BidaskClub cut shares of Verisk Analytics (NASDAQ:VRSK) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning, BidAskClub reports.

Other research analysts have also issued research reports about the company. UBS Group lifted their price target on Verisk Analytics from $119.00 to $124.00 and gave the stock a sell rating in a research report on Wednesday, July 10th. Bank of America lifted their price target on Verisk Analytics from $146.00 to $155.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of Hold and a consensus target price of $138.89.

Shares of NASDAQ VRSK opened at $155.76 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.77 and a current ratio of 0.77. Verisk Analytics has a fifty-two week low of $102.74 and a fifty-two week high of $164.97. The firm has a market capitalization of $25.74 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.72. The stock’s 50-day simple moving average is $156.70 and its 200-day simple moving average is $143.86.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, hitting the consensus estimate of $1.10. The business had revenue of $652.60 million for the quarter, compared to analyst estimates of $642.61 million. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. On average, sell-side analysts forecast that Verisk Analytics will post 4.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, September 12th. Verisk Analytics’s dividend payout ratio (DPR) is 24.33%.

In other Verisk Analytics news, Director David B. Wright sold 14,728 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the transaction, the director now owns 26,207 shares of the company’s stock, valued at $3,988,443.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Constantine Iordanou sold 2,122 shares of Verisk Analytics stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total value of $324,687.22. Following the transaction, the director now directly owns 59,214 shares in the company, valued at approximately $9,060,334.14. The disclosure for this sale can be found here. Insiders own 2.71% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC grew its stake in shares of Verisk Analytics by 25,700.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,208,999 shares of the business services provider’s stock valued at $177,070,000 after purchasing an additional 1,204,313 shares during the last quarter. AKO Capital LLP purchased a new position in shares of Verisk Analytics in the 1st quarter valued at approximately $93,699,000. BlackRock Inc. grew its stake in shares of Verisk Analytics by 4.4% in the 2nd quarter. BlackRock Inc. now owns 11,898,449 shares of the business services provider’s stock valued at $1,742,646,000 after purchasing an additional 502,068 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Verisk Analytics by 129.7% in the 1st quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock valued at $108,594,000 after purchasing an additional 461,047 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Verisk Analytics by 2,216.3% in the 1st quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock valued at $56,511,000 after purchasing an additional 406,553 shares during the last quarter. 91.40% of the stock is currently owned by institutional investors.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

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Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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