JPMorgan Chase & Co. Lowers Verisk Analytics, Inc. (VRSK) to Neutral

Verisk Analytics, Inc. (NASDAQ:VRSK) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday, May 3rd. They currently have a $75.00 target price on the business services provider’s stock, down from their prior target price of $87.00. JPMorgan Chase & Co.’s target price indicates a potential downside of 4.48% from the stock’s previous close.

A number of other research analysts have also issued reports on VRSK. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Verisk Analytics in a research note on Tuesday, May 2nd. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of Verisk Analytics in a research note on Wednesday, February 15th. Citigroup Inc lowered shares of Verisk Analytics to a “neutral” rating and set a $89.00 price target on the stock. in a research note on Wednesday, February 15th. They noted that the move was a valuation call. BMO Capital Markets dropped their price target on shares of Verisk Analytics from $87.00 to $85.00 and set a “market perform” rating on the stock in a research note on Monday, March 20th. Finally, Royal Bank of Canada assumed coverage on shares of Verisk Analytics in a research note on Friday, January 20th. They set a “sector perform” rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $86.89.

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

Shares of Verisk Analytics (NASDAQ:VRSK) traded up 0.36% during midday trading on Wednesday, reaching $78.80. The company had a trading volume of 146,751 shares. Verisk Analytics has a one year low of $75.60 and a one year high of $87.40. The company has a market capitalization of $13.03 billion, a P/E ratio of 22.15 and a beta of 0.69. The company has a 50-day moving average price of $80.13 and a 200 day moving average price of $81.80.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.04. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The firm had revenue of $502.60 million for the quarter, compared to analyst estimates of $511.99 million. Equities analysts anticipate that Verisk Analytics will post $3.18 earnings per share for the current fiscal year.

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In other news, CFO Eva F. Huston sold 12,975 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $80.53, for a total value of $1,044,876.75. Following the sale, the chief financial officer now directly owns 11,920 shares in the company, valued at $959,917.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John F. Lehman sold 8,247 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total transaction of $649,203.84. Following the completion of the sale, the director now owns 115,073 shares in the company, valued at $9,058,546.56. The disclosure for this sale can be found here. Insiders have sold 116,392 shares of company stock worth $9,566,763 over the last 90 days. 3.47% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC raised its stake in Verisk Analytics by 0.4% in the first quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 75 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Verisk Analytics by 2.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,242 shares of the business services provider’s stock valued at $322,000 after buying an additional 87 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in shares of Verisk Analytics by 2.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,358 shares of the business services provider’s stock valued at $272,000 after buying an additional 90 shares during the last quarter. Conning Inc. increased its position in shares of Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock valued at $243,000 after buying an additional 90 shares during the last quarter. Finally, Brown Advisory Securities LLC increased its position in shares of Verisk Analytics by 1.3% in the third quarter. Brown Advisory Securities LLC now owns 7,350 shares of the business services provider’s stock valued at $593,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

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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