Jersey City, NJ – Elizabeth Mann, the Chief Financial Officer of Verisk Analytics, Inc. (NASDAQ:VRSK), recently sold shares of the company's stock. According to a filing with the Securities and Exchange Commission, Mann sold 200 shares of common stock on November 15, amounting to a total value of $57,298. The shares were sold at a price of $286.49 each.
Following the transaction, Mann retains ownership of 15,608 shares in the company. The sale was conducted under a 10b5-1 trading plan, which had been established on December 15, 2023. Such plans allow company insiders to set up a predetermined schedule for selling stocks to avoid potential accusations of insider trading.
Verisk Analytics, a leader in data analytics, continues to be a significant player in the computer processing and data preparation services sector.
In other recent news, Verisk Analytics demonstrated robust financial performance in the third quarter of 2024, with a 7% increase in consolidated revenue, reaching $725 million. The company's strong subscription growth led to a 9.1% rise in subscription revenues, contributing to a rise in income from continuing operations to $220 million and a 19.4% increase in diluted GAAP earnings per share to $1.54. These recent developments follow Verisk's earnings report, which revealed an adjusted earnings per share that exceeded market expectations.
BMO Capital Markets updated its outlook on Verisk Analytics, increasing the price target to $276 from $263, maintaining a Market Perform rating on the company's stock. This adjustment was primarily driven by improved profit margins and accelerated growth in subscription revenue. BMO Capital expressed optimism about Verisk's future performance, raising their estimates alongside the target price.
However, Verisk noted a decline in transaction revenues, partly due to the ongoing shift to a subscription model and challenging comparisons from previous periods. Despite potential headwinds in 2025, Verisk remains optimistic due to its subscription momentum and premium growth. The company is also exploring further inorganic growth opportunities in international markets, as discussed by CEO Lee Shavel.
InvestingPro Insights
To provide additional context to Elizabeth Mann's recent stock sale, it's worth examining some key financial metrics and insights from InvestingPro for Verisk Analytics (NASDAQ:VRSK).
As of the latest data, Verisk boasts a market capitalization of $39.49 billion, reflecting its substantial presence in the data analytics industry. The company's financial performance has been robust, with a revenue of $2.82 billion over the last twelve months as of Q3 2024, showing a growth of 7.16%.
Verisk's profitability is particularly noteworthy. An InvestingPro Tip highlights the company's impressive gross profit margins, which stand at 68.24% for the same period. This strong margin suggests Verisk's ability to efficiently convert revenue into profit, a crucial factor for long-term sustainability and growth.
Another relevant InvestingPro Tip indicates that Verisk has raised its dividend for 6 consecutive years. This consistent dividend growth, coupled with a current dividend yield of 0.56%, may be attractive to income-focused investors and aligns with the company's stable financial position.
For investors considering Verisk's valuation, it's important to note that the stock is trading at a P/E ratio of 43.47, which some may consider high. However, an InvestingPro Tip suggests that Verisk is trading at a low P/E ratio relative to its near-term earnings growth, with a PEG ratio of 0.46, potentially indicating an undervalued stock based on expected growth.
These insights offer a broader perspective on Verisk's financial health and market position, complementing the information about the CFO's stock sale. For readers interested in a more comprehensive analysis, InvestingPro offers 13 additional tips for Verisk, providing a deeper understanding of the company's financial landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.