Verisk Analytics (NASDAQ:VRSK) had its price target raised by Royal Bank of Canada to $100.00 in a research note published on Friday, January 19th. Royal Bank of Canada currently has a sector perform rating on the business services provider’s stock. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the company. Cantor Fitzgerald restated a buy rating and set a $108.00 target price on shares of Verisk Analytics in a research note on Friday, December 8th. Keefe, Bruyette & Woods set a $101.00 target price on Verisk Analytics and gave the stock a buy rating in a research note on Friday, December 1st. Robert W. Baird reiterated a buy rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. BidaskClub cut Verisk Analytics from a strong-buy rating to a buy rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded Verisk Analytics from a hold rating to a buy rating and set a $107.00 price objective for the company in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $94.50.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up $1.39 on Friday, reaching $94.30. 900,236 shares of the company traded hands, compared to its average volume of 922,725. The stock has a market cap of $15,301.53, a price-to-earnings ratio of 34.16, a P/E/G ratio of 2.38 and a beta of 0.76. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $100.54. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45.
In other news, CFO Lee Shavel acquired 388 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were bought at an average cost of $96.61 per share, for a total transaction of $37,484.68. Following the acquisition, the chief financial officer now directly owns 22,729 shares in the company, valued at approximately $2,195,848.69. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director David B. Wright sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total value of $1,419,000.00. Following the completion of the transaction, the director now owns 8,951 shares in the company, valued at $846,764.60. The disclosure for this sale can be found here. Insiders have sold 31,526 shares of company stock worth $2,987,428 over the last quarter. 3.41% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at about $112,000. Fusion Family Wealth LLC acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at about $116,000. Advisory Services Network LLC grew its stake in shares of Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,268 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Verisk Analytics by 61.2% in the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after buying an additional 669 shares in the last quarter. Finally, BB&T Investment Services Inc. acquired a new stake in shares of Verisk Analytics in the second quarter valued at about $153,000. Institutional investors and hedge funds own 92.91% of the company’s stock.
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About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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