Axxcess Wealth Management LLC Sells 55 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Axxcess Wealth Management LLC trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,988 shares of the business services provider’s stock after selling 55 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Verisk Analytics were worth $533,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Legal & General Group Plc increased its holdings in Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after buying an additional 111,364 shares during the period. TD Asset Management Inc increased its holdings in Verisk Analytics by 5.5% in the 2nd quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after buying an additional 78,008 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd increased its holdings in Verisk Analytics by 1.1% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock valued at $268,041,000 after buying an additional 12,231 shares during the period. Dimensional Fund Advisors LP increased its holdings in Verisk Analytics by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock valued at $297,491,000 after buying an additional 85,202 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Verisk Analytics by 6.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock valued at $165,284,000 after buying an additional 38,258 shares during the period. 90.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRSK has been the topic of a number of research analyst reports. Barclays raised their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Evercore ISI restated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, BMO Capital Markets raised their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Stock Up 0.7 %

Verisk Analytics stock opened at $290.04 on Thursday. The firm has a 50 day moving average price of $270.56 and a two-hundred day moving average price of $265.74. The firm has a market cap 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 debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $291.42.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.07. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. Equities analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current 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 paid a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.54%. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Insider Activity

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.