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Bruce Hansen, a director at Verisk Analytics, Inc. (NASDAQ:VRSK), a $41.8 billion market cap data analytics company with impressive gross profit margins of 69%, recently sold shares of the company’s common stock. According to InvestingPro data, the stock is trading near its 52-week high, having delivered a 27% return over the past year. The transaction, which took place on March 7, involved the sale of 1,179 shares at a price of $295.36 per share, totaling approximately $348,229. This sale was executed under a pre-arranged 10b5-1 trading plan, which Hansen established on August 19, 2024.
In addition to the sale, Hansen also exercised stock options to acquire 1,179 shares at a price of $72.95 per share. The total value of the exercised options amounted to $86,008. Following these transactions, Hansen’s direct ownership stands at 13,786 shares.
These transactions were part of routine financial management activities by Hansen and were disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Verisk Analytics has reported its fourth-quarter 2024 earnings, showcasing a slight beat on revenue forecasts with a total of $736 million, which exceeded expectations of $733.53 million. However, earnings per share (EPS) came in at $1.61, slightly below the forecast of $1.60. The company experienced a robust 8.6% year-over-year revenue growth, with subscription revenues increasing by 11% during the quarter. Morgan Stanley (NYSE:MS) has raised its price target for Verisk to $305, highlighting the company’s notable subscription growth and a quarter that met expectations. Meanwhile, BMO Capital Markets adjusted its price target to $297, noting steady growth in Verisk’s Underwriting segment and significant acceleration in the Claims segment.
RBC Capital Markets maintained an Outperform rating with a $300 price target, emphasizing Verisk’s strategic enhancements in marketing and product innovation, which have led to record sales and improved customer retention. Despite these positive developments, some concerns remain regarding future pricing increases and the sustainability of strong subscription growth. BMO Capital also noted Verisk’s robust share buyback activity and an increase in dividends, reflecting the company’s commitment to returning value to shareholders. Looking ahead, Verisk projects consolidated revenue between $3,030 million and $3,080 million for 2025, with an adjusted EPS forecast of $6.80 to $7.10, indicating a continued focus on growth and operational efficiency.
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