Verisk Analytics (NASDAQ:VRSK) Price Target Raised to $300.00 at Royal Bank of Canada

Verisk Analytics (NASDAQ:VRSK) had its price target boosted by analysts at Royal Bank of Canada from $268.00 to $300.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 10.86% from the stock’s current price.

Several other brokerages have also weighed in on VRSK. Morgan Stanley increased their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. UBS Group upped their price objective 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. Barclays lifted their target price on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised their price target on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $279.15.

Verisk Analytics Trading Up 0.4 %

VRSK opened at $270.60 on Thursday. The stock has a market capitalization of $38.54 billion, a PE ratio of 43.93, a P/E/G ratio of 3.42 and a beta of 0.86. Verisk Analytics has a one year low of $215.32 and a one year high of $287.13. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $268.76 and its 200 day moving average price is $259.04.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.64 by $0.10. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS. As a group, equities research analysts expect that Verisk Analytics will post 6.57 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Verisk Analytics

Several hedge funds have recently added to or reduced their stakes in VRSK. OFI Invest Asset Management acquired a new position in shares of Verisk Analytics in the 1st quarter valued at $28,000. International Assets Investment Management LLC acquired a new stake in shares of Verisk Analytics during the second quarter worth about $31,000. Chilton Capital Management LLC purchased a new stake in shares of Verisk Analytics in the 2nd quarter valued at about $34,000. Riverview Trust Co purchased a new position in Verisk Analytics during the 1st quarter worth approximately $40,000. Finally, Rothschild Investment LLC acquired a new position in Verisk Analytics during the second quarter worth approximately $41,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Company Profile

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.