Axxcess Wealth Management LLC Has $218,000 Position in Verisk Analytics, Inc. $VRSK

Key Points

• Axxcess Wealth Management LLC reduced its stake in Verisk Analytics by 63.5%, owning only 699 shares valued at $218,000 after selling 1,215 shares in the second quarter.
• Verisk Analytics reported a Q2 EPS of $1.88, surpassing expectations, and achieved a 7.8% year-over-year revenue growth, totaling $772.60 million.
• The company declared a quarterly dividend of $0.45 per share, with an annualized yield of 0.8% and a payout ratio of 27.73%.

Axxcess Wealth Management LLC reduced its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 63.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 699 shares of the business services provider's stock after selling 1,215 shares during the period. Axxcess Wealth Management LLC's holdings in Verisk Analytics were worth $218,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VRSK. Nuveen LLC acquired a new stake in Verisk Analytics during the 1st quarter worth about $508,611,000. Ameriprise Financial Inc. grew its holdings in Verisk Analytics by 631.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,415,439 shares of the business services provider's stock worth $422,676,000 after acquiring an additional 1,221,798 shares during the period. Invesco Ltd. grew its holdings in Verisk Analytics by 36.0% during the 1st quarter. Invesco Ltd. now owns 2,251,051 shares of the business services provider's stock worth $669,958,000 after acquiring an additional 596,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Verisk Analytics by 35.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,653,727 shares of the business services provider's stock worth $492,182,000 after acquiring an additional 434,053 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Verisk Analytics by 52.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,005 shares of the business services provider's stock valued at $339,586,000 after buying an additional 393,668 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Verisk Analytics news, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $268.01, for a total transaction of $294,811.00. Following the transaction, the chief executive officer owned 78,907 shares of the company's stock, valued at $21,147,865.07. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total transaction of $72,669.00. Following the transaction, the chief financial officer directly owned 14,865 shares in the company, valued at approximately $3,600,748.95. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,520 shares of company stock worth $2,255,396 over the last 90 days. Company insiders own 0.46% of the company's stock.

Verisk Analytics Price Performance

VRSK stock opened at $232.34 on Friday. The company has a market capitalization of $32.46 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 3.06 and a beta of 0.85. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92. The business has a 50-day simple moving average of $256.24 and a two-hundred day simple moving average of $284.53.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. The business had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 EPS. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. Research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. Verisk Analytics's payout ratio is 27.73%.

Analysts Set New Price Targets

Several analysts have recently commented on VRSK shares. Rothschild & Co Redburn restated a "sell" rating and issued a $220.00 target price (down from $280.00) on shares of Verisk Analytics in a research note on Thursday. Morgan Stanley raised their target price on Verisk Analytics from $317.00 to $319.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Weiss Ratings restated a "buy (b-)" rating on shares of Verisk Analytics in a research note on Wednesday, October 8th. Finally, UBS Group reduced their target price on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Verisk Analytics currently has an average rating of "Hold" and an average price target of $299.33.

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.

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