Verisk Analytics stock price rises due to $1.5 billion share repurchase plan

2026-02-23 23:46:20

Investing.com – Verisk Analytics, Inc. (NASDAQ:VRSK) stock rose 1.5% on Monday after the company announced a $1.5 billion accelerated share repurchase agreement to buy back its common stock.

The company has entered into accelerated share repurchase agreements with HSBC Bank USA, National Association and Wells Fargo Bank, National Association to execute this buyback. After the transaction is completed, approximately $1 billion remains available for share repurchases under Verisk’s previously announced authorized share repurchase plan.

The counterparties to the accelerated share repurchase agreements are expected to initially deliver approximately 7 million shares to Verisk at the start of the agreement. The total number of shares ultimately purchased will be based on the daily volume-weighted average price during the calculation period, minus the agreed-upon discount, and adjusted according to the terms and conditions.

Final settlement of the transaction is expected to be completed no later than the third fiscal quarter ending September 30, 2026. The delivery date for each agreement will be determined by the relevant counterparty within the agreed range, but may be terminated early in certain limited circumstances.

Verisk may continue to repurchase shares from the open market from time to time based on market conditions and other factors. The company is a strategic data analytics and technology partner for the global insurance industry.

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