KBW Remains a Buy on Verisk Analytics

By Carrie Williams

In a report released today, Frederick Cannon from KBW reiterated a Buy rating on Verisk Analytics (NASDAQ: VRSK), with a price target of $90. The company’s shares opened today at $80.07.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 14.6% and a 61.5% success rate. Cannon covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, Pacific Premier Bancorp Inc, and Pinnacle Financial Partners.

Verisk Analytics has an analyst consensus of Moderate Buy, with a price target consensus of $86.71.

Based on Verisk Analytics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $503 million and quarterly net profit of $109 million. In comparison, last year the company earned revenue of $493 million and had a net profit of $92.64 million.

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Verisk Analytics, Inc. operates as a holding company, which provides information about risk to professionals in insurance, healthcare, financial, government, supply chain, and risk management. It operates through the Decision Analytics and Risk Assessment segments. The Decision Analytics segment serves customers in a variety of industries with tools that help them make informed decisions about managing their assets and the associated risk. The Risk Assessment segment provides data, software, and information services to property, casualty insurers and reinsurers in the U.S., as well as many international carriers. It also sells products and services to insurance agents and brokers, insurance associations and service organizations, government agencies, and the risk-management functions of firms in all industries. The company was founded on May 23, 2008 and is headquartered in Jersey City, NJ.