Verisk plans to buy back additional $300M shares
Verisk Analytics plans to repurchase an additional $300 million of its common stock
JERSEY CITY, N.J. (AP) -- Verisk Analytics Inc. plans to buy back an additional $300 million of its common stock.
The Jersey City, N.J., company said that the repurchase program has no expiration date and may be suspended or ended at any time.
In January 2012, Verisk announced that it would buy back $300 million worth of shares. It did not give an update on that authorization but said the new buyback will let it offset dilution from stock compensation programs for its employees.
Verisk helps companies analyze risks in several industries, including insurance, health care and real estate, as well as government.
Its stock fell $1.47, or 2.5 percent, to $57.82 in Thursday midday trading. The shares have traded in a 52-week range of $45.04 to $62.39.
