Axxcess Wealth Management LLC Has $303,000 Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Axxcess Wealth Management LLC decreased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 41.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,285 shares of the business services provider’s stock after selling 905 shares during the period. Axxcess Wealth Management LLC’s holdings in Verisk Analytics were worth $303,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Verisk Analytics by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock valued at $3,919,008,000 after purchasing an additional 170,620 shares during the period. Norges Bank acquired a new position in Verisk Analytics in the fourth quarter worth approximately $374,530,000. TD Asset Management Inc increased its holdings in Verisk Analytics by 6.1% in the first quarter. TD Asset Management Inc now owns 1,424,606 shares of the business services provider’s stock worth $335,822,000 after buying an additional 81,885 shares during the last quarter. Franklin Resources Inc. increased its holdings in Verisk Analytics by 90.5% in the fourth quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock worth $272,663,000 after buying an additional 542,432 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Verisk Analytics by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 985,803 shares of the business services provider’s stock worth $235,463,000 after buying an additional 80,146 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of VRSK stock opened at $279.97 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $282.21. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 52.23, a PEG ratio of 3.48 and a beta of 0.84. The stock has a 50-day moving average price of $266.92 and a 200 day moving average price of $247.68.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million during the quarter, compared to analyst estimates of $699.07 million. During the same period in the previous year, the firm earned $1.29 EPS. Verisk Analytics’s quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts expect that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,551,251.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Kathy Card Beckles sold 326 shares of the 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 sale, the insider now owns 7,470 shares in the company, valued at approximately $2,033,483.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Insiders sold a total of 2,237 shares of company stock valued at $572,739 in the last quarter. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

VRSK has been the subject of a number of recent analyst reports. UBS Group upped their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. BMO Capital Markets increased their price objective on Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Evercore ISI increased their price objective on Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $258.54.

About Verisk Analytics

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.