Verisk Analytics (VRSK) is Initiated by Macquarie to Neutral, Price Target at $88

Verisk Analytics (VRSK) was Initiated by Macquarie to “Neutral” and the brokerage firm has set the Price Target at $88. Macquarie advised their investors in a research report released on Aug 26, 2016.

On the company’s financial health, Verisk Analytics reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.76. The company had revenue of $498.30 million for the quarter, compared to analysts expectations of $504.47 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Verisk Analytics opened for trading at $82.47 and hit $82.47 on the upside on Tuesday, eventually ending the session at $82.29, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 4,63,424 shares. Company has a market cap of $13,905 M.

In a different news, on Aug 12, 2016, Mark V Anquillare (EVP and COO) sold 20,000 shares at $81.20 per share price. According to the SEC, on Aug 10, 2016, Frank J Coyne (director) sold 62,048 shares at $81.54 per share price. On Aug 8, 2016, Vincent De P. Mccarthy (SVP, Corp Dev & Strategy) sold 2,400 shares at $81.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Verisk Analytics Inc. is a provider of information about risk to professionals in insurance healthcare financial services Government supply chain and risk management. The Company provides predictive analytics and decision-support solutions in fraud prevention actuarial science insurance coverages fire protection catastrophe and weather risk profitability optimization data management among others. The Company operates in two segments: Risk Assessment and Decision Analytics. The Company’s Risk Assessment segment serves its P&C insurance customers and focuses on the first two decision making processes in its Risk Analysis Framework: prediction of loss and selection and pricing of risk. The Company’s Decision Analytics segment provides P&C insurance solutions to P&C insurers in the United States.

Verisk Analytics

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