Verisk Analytics (NASDAQ:VRSK) Price Target Cut to $250.00 by Analysts at JPMorgan Chase & Co.

Verisk Analytics (NASDAQ:VRSK) had its target price trimmed by JPMorgan Chase & Co. from $315.00 to $250.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Several other equities analysts also recently issued reports on VRSK. UBS Group cut their target price on Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. The Goldman Sachs Group cut their price target on Verisk Analytics from $315.00 to $239.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings downgraded Verisk Analytics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Rothschild Redb downgraded Verisk Analytics from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Evercore ISI cut their price target on Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $282.14.

Verisk Analytics Price Performance

NASDAQ VRSK opened at $217.60 on Thursday. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.53. The stock’s fifty day moving average price is $249.53 and its 200 day moving average price is $281.01. Verisk Analytics has a 1 year low of $196.99 and a 1 year high of $322.92. The company has a market cap of $30.40 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.75 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The firm had revenue of $768.30 million for the quarter, compared to the consensus estimate of $776.04 million. During the same period in the prior year, the firm earned $1.67 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities research analysts forecast that Verisk Analytics will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Verisk Analytics’s dividend payout ratio (DPR) is 27.73%.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total transaction of $72,669.00. Following the sale, the chief financial officer directly owned 14,865 shares in the company, valued at $3,600,748.95. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $265.00, for a total value of $1,436,300.00. Following the sale, the insider owned 54,337 shares in the company, valued at $14,399,305. This trade represents a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,520 shares of company stock valued at $2,255,396 over the last quarter. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Verisk Analytics

Institutional investors have recently modified their holdings of the business. AlphaCore Capital LLC purchased a new position in Verisk Analytics in the 2nd quarter valued at about $27,000. Osterweis Capital Management Inc. purchased a new position in Verisk Analytics in the 2nd quarter valued at about $28,000. Spurstone Advisory Services LLC purchased a new position in Verisk Analytics in the 2nd quarter valued at about $29,000. NewSquare Capital LLC lifted its stake in Verisk Analytics by 69.0% in the 2nd quarter. NewSquare Capital LLC now owns 98 shares of the business services provider’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Verisk Analytics by 62.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 109 shares of the business services provider’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

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.