Axxcess Wealth Management LLC Has $533,000 Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Axxcess Wealth Management LLC trimmed its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,988 shares of the business services provider’s stock after selling 55 shares during the period. Axxcess Wealth Management LLC’s holdings in Verisk Analytics were worth $533,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VRSK. Epoch Investment Partners Inc. lifted its position in shares of Verisk Analytics by 60.4% during the second quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock worth $145,941,000 after purchasing an additional 203,951 shares in the last quarter. Swedbank AB bought a new stake in shares of Verisk Analytics during the first quarter worth approximately $28,739,000. Acadian Asset Management LLC raised its stake in shares of Verisk Analytics by 187.1% during the second quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock worth $46,305,000 after buying an additional 111,992 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Verisk Analytics by 7.4% during the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after buying an additional 111,364 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Verisk Analytics by 33.7% during the second quarter. Renaissance Technologies LLC now owns 373,800 shares of the business services provider’s stock worth $100,758,000 after buying an additional 94,300 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird upped 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. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Stock Performance

Shares of VRSK opened at $290.04 on Thursday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $291.42. The firm has a fifty day simple moving average of $270.56 and a 200 day simple moving average of $265.74. The stock has a market capitalization of $40.96 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 3.61 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The firm had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 earnings per share. Research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio is presently 24.34%.

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.