Bruce Edward Hansen, a director at Verisk Analytics, Inc. (NASDAQ:VRSK), recently sold a portion of his holdings in the company. According to a recent filing, Hansen sold 1,179 shares of Verisk Analytics common stock on January 7, 2025, at a price of $272.81 per share, totaling approximately $321,642. The transaction occurred as Verisk, currently valued at $39.45 billion, trades near its 52-week high of $296.58. InvestingPro analysis indicates the stock is currently overvalued, despite maintaining impressive gross profit margins of 68%. This transaction was executed under a 10b5-1 plan, which Hansen established on August 19, 2024.
In a related transaction, Hansen acquired 1,179 shares through the exercise of stock options at a price of $72.95 per share. Following these transactions, Hansen now directly owns 13,786 shares of Verisk Analytics.
In other recent news, Verisk Analytics continues to make significant strides in its financial performance. The data analytics firm recently reported a 7% increase in consolidated revenue, reaching $725 million in the third quarter of 2024. Verisk's subscription-based revenue streams have shown substantial growth, leading 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.
RBC Capital Markets maintained its Outperform rating on Verisk, projecting a 6-8% revenue increase and a double-digit rise in earnings per share (EPS) by 2025. BMO Capital Markets also responded positively, increasing its price target for Verisk to $276 and maintaining a Market Perform rating on the stock.
These recent developments reflect Verisk's strategic focus on subscription services, which are expected to provide a steady revenue stream. The company's transaction growth is predicted to benefit from an uptick in Auto insurance marketing efforts, and it is also exploring further inorganic growth opportunities in international markets. Despite potential headwinds in 2025, Verisk remains optimistic due to its subscription momentum and premium growth.
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