Verisk Analytics (NASDAQ:VRSK) Price Target Raised to $325.00 at Wells Fargo & Company

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

Several other equities analysts have also recently commented on the stock. Robert W. Baird raised their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a report on Friday, January 10th. BMO Capital Markets boosted their target price on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 price target on shares of Verisk Analytics in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $295.33.

Verisk Analytics Trading Up 0.8 %

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

Verisk Analytics Announces Dividend

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

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 2,111 shares of Verisk Analytics stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total transaction of $595,428.66. Following the transaction, the insider now owns 9,066 shares of the company’s stock, valued at $2,557,155.96. The trade was a 18.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total transaction of $321,642.99. Following the completion of the sale, the director now directly owns 13,786 shares of the company’s stock, valued at $3,760,958.66. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,469 shares of company stock worth $1,264,818. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC boosted its stake in shares of Verisk Analytics by 468.8% during the 4th quarter. Manchester Capital Management LLC now owns 91 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares during the period. Sugarloaf Wealth Management LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter worth $28,000. Centricity Wealth Management LLC acquired a new stake in Verisk Analytics during the fourth quarter valued at $28,000. Roxbury Financial LLC purchased a new position in Verisk Analytics in the fourth quarter valued at about $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in Verisk Analytics in the 4th quarter worth about $30,000. 90.00% of the stock is 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.