Verisk Analytics (NASDAQ:VRSK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Verisk Analytics (NASDAQ:VRSK) had its price objective hoisted by Wells Fargo & Company from $313.00 to $325.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Other research analysts have also issued research reports about the company. Morgan Stanley increased their price objective on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target on the stock. in a report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $300.00 price objective on shares of Verisk Analytics in a research note on Tuesday, January 7th. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $295.33.

Verisk Analytics Trading Up 0.8 %

Shares of NASDAQ:VRSK opened at $295.11 on Friday. Verisk Analytics has a 1 year low of $217.34 and a 1 year high of $296.94. The firm has a fifty day moving average price of $282.65 and a 200 day moving average price of $277.16. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The stock has a market capitalization of $41.67 billion, a PE ratio of 46.04, a P/E/G ratio of 3.37 and a beta of 0.89.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, December 13th. Verisk Analytics’s payout ratio is currently 24.34%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total value of $321,642.99. Following the completion of the transaction, the director now owns 13,786 shares of the company’s stock, valued at $3,760,958.66. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathy Card Beckles sold 2,111 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the sale, the insider now owns 9,066 shares of the company’s stock, valued at $2,557,155.96. This represents a 18.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,469 shares of company stock valued at $1,264,818 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Verisk Analytics

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its position in shares of Verisk Analytics by 188.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,637 shares of the business services provider’s stock valued at $7,454,000 after acquiring an additional 16,742 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Verisk Analytics during the fourth quarter worth about $212,000. Icon Wealth Advisors LLC lifted its stake in Verisk Analytics by 899.1% during the third quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock worth $2,913,000 after purchasing an additional 10,726 shares during the period. Point72 Hong Kong Ltd boosted its holdings in Verisk Analytics by 479.1% during the third quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock valued at $4,516,000 after purchasing an additional 13,943 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Verisk Analytics by 15.3% in the 3rd quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock valued at $9,622,000 after purchasing an additional 4,767 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

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.