Axxcess Wealth Management LLC Grows Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Axxcess Wealth Management LLC raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 59.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,043 shares of the business services provider’s stock after acquiring an additional 758 shares during the period. Axxcess Wealth Management LLC’s holdings in Verisk Analytics were worth $551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. OFI Invest Asset Management bought a new position in shares of Verisk Analytics during the 1st quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in Verisk Analytics during the 2nd quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new position in Verisk Analytics during the 4th quarter worth approximately $32,000. DSM Capital Partners LLC bought a new position in Verisk Analytics during the 4th quarter worth approximately $33,000. Finally, Chilton Capital Management LLC bought a new position in Verisk Analytics during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Ratings Changes

VRSK has been the topic of several recent research reports. UBS Group raised their price target on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $268.00 price objective on shares of Verisk Analytics in a research report on Thursday, August 1st. Morgan Stanley lifted their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI lifted their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics has a consensus rating of “Moderate Buy” and an average target price of $275.23.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the transaction, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the transaction, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the sale, the insider now directly owns 7,470 shares of the company’s stock, valued at approximately $2,033,483.40. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Verisk Analytics Trading Down 0.4 %

VRSK opened at $264.85 on Friday. The stock has a market cap of $37.72 billion, a PE ratio of 49.41, a PEG ratio of 3.42 and a beta of 0.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86. The business has a 50 day moving average of $270.78 and a 200-day moving average of $254.80. Verisk Analytics, Inc. has a 52 week low of $215.32 and a 52 week high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. Equities research analysts predict that Verisk Analytics, Inc. will post 6.56 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, September 13th. Verisk Analytics’s payout ratio is 29.10%.

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.