Elizabeth Mann, Chief Financial Officer of Verisk Analytics, Inc. (NASDAQ:VRSK), a $39.7 billion market cap company with impressive gross profit margins of 68%, recently sold 200 shares of the company's common stock. According to InvestingPro data, Verisk maintains a GOOD financial health score, demonstrating strong operational performance. The shares were sold at a price of $283.75 each, totaling $56,750, with the stock trading near its 52-week high of $296.58. Following this transaction, Mann holds 15,408 shares directly. The sale was conducted under a 10b5-1 plan, which Mann entered into on December 15, 2023. For deeper insights into Verisk's valuation and 14 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Verisk Analytics has been the subject of attention following robust financial results. The data analytics firm reported a 7% increase in consolidated revenue for the third quarter of 2024, reaching $725 million. This was largely driven by a 9.1% rise in subscription revenues, contributing to an increase 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 have prompted BMO Capital Markets to raise its target for Verisk Analytics to $276, maintaining a Market Perform rating on the stock. This adjustment was primarily driven by the company's strong earnings report, which exceeded market expectations.
Despite a decline in transaction revenues due to the ongoing shift to a subscription model, Verisk's future performance appears promising. The company's guidance for the fiscal year ending December 31, 2024, was reaffirmed, suggesting a broad range of possible outcomes. Verisk also returned $455 million to shareholders, including a $400 million accelerated share repurchase program.
In addition to these financial highlights, Verisk is exploring further inorganic growth opportunities in international markets, according to CEO Lee Shavel. The company remains optimistic due to its subscription momentum and premium growth, despite potential headwinds in 2025.
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