Verisk Analytics, Inc. Buyback
OLI recorded this information on 3/7/2023
Company:
Verisk Analytics, Inc.
Buyback:
VRSK buyback
$Amount Authorized:
$2,500,000,000
Buyback Details:
Verisk Analytics, Inc. (NASDAQ:VRSK) ("Verisk" or the "Company"), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements ("ASR Agreements") with each of Citibank, N.A. and Goldman Sachs & Co. LLC (the "ASR Counterparties") to repurchase an aggregate of $2.5 billion of the Company's common stock. The ASR Agreements were entered into as part of the Company's previously announced share repurchase program.
Verisk Analytics is a holding company. Through its subsidiaries, Co. is a data analytics provider serving customers in the insurance and energy market. Co. provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe, weather risk and other fields. In the US and around the world, Co. helps customers protect people, property, and financial assets. Co. has one operating segment: Insurance. Co. is a provider of statistical, actuarial, and underwriting data for the U.S. property and casualty insurance industry.
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Buy (2.75 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: VRSK Stock Forecast Based on Zacks ABR data; powered by Xignite |