NJ TECH CORNER: Verisk Analytics
Company Overview
Verisk Analytics Inc. (NASDAQ: VRSK) is a data analytics provider serving the insurance, natural resources and financial services sectors in the U.S. and elsewhere around the world. Customers include all of the top 100 property and casualty insurance providers in the U.S for the line of services Verisk offers, 28 of the top 30 credit card issuers in North America, UK and Australia, as well as eight of the top 10 global energy providers and the world. The company also serves a wide range of companies, governments and institutions across the energy, and metals and mining value chains. Founded in 1971, the company has its headquarters in Jersey City, New Jersey and principal offices in New York, Massachusetts, Texas and Utah. As of Dec. 31, 2016, the company employed more than 6,300 workers.
Investment & Financial Information
|
Shares of common stock outstanding (as of March 20, 2017): |
166,375,962 |
|
Share price of stock (as of June 23, 2017) |
$82.36 |
|
Share price of stock (one year ago) |
$79.01 |
|
Current valuation (as of June 23, 2017) |
$13.703 billion |
|
Valuation one year ago |
$13.260 billion |
|
Stock Symbol: |
NASDAQ: VRSK |
|
Revenues from continuing operations(12/31/16) |
$1.995 billion |
|
Revenues from continuing operations (previous year) |
$1.761 billion |
|
Net Income (12/31/16) 9999/309/30/162015vvvvmontmonths ended) |
$591.2 million |
|
Net Income (previous year) |
$507.6 million |
Management Team
|
Name |
Age |
Title |
|
Scott G. Stephenson |
59 |
Chairman, President and CEO |
|
Eva F. Huston |
46 |
CFO, Senior Vice President |
|
Mark V. Anquillare |
51 |
COO, Executive Vice President |
|
Kenneth E. Thompson |
57 |
Executive Vice President, General Counsel and Corporate Secretary |
|
Vincent de P. McCarthy |
52 |
Senior Vice President, Corporate Development and Strategy |
|
Nana Banerjee |
47 |
Group President |
Board of Directors
|
Name |
Age |
Title |
|
Frank J. Coyne |
68 |
Former Chairman, President and CEO, Verisk Analytics; Director, Strategic CAT Holdings; Member, Board of Trustees of Underwriting Laboratories |
|
Christopher M. Foskett |
59 |
Member of First Data Corp.’s Management Committee and oversees its Corporate and Business Development |
|
David B. Wright |
67 |
Managing Partner, Innovative Capital Ventures, Inc. |
|
Annell R. Bay |
61 |
Former Vice President, Marathon Oil Corp.; Member of advisory boards for the Jackson School of Geology at the University of Texas, the American Association of Petroleum Geology,and the Houston Education Center for the Independent Petroleum Association of America; Director, Apache Corp. and Hunting PLC. |
|
J. Hyatt Brown |
79 |
Chairman, Brown & Brown, Inc.; Trustee, Stetson University; Director, International Speedway Corp; Former Member and Speaker of the Florida House of Representatives |
|
Samuel G. Liss |
60 |
Principal, WhiteGate Partners LLC; Adjunct Professor of Finance, NYU Stern School of Business |
|
Therese M. Vaughan |
60 |
Dean of Drake College of Business; former CEO of National Association of Insurance Commissioners; Director of Validus Holdings, Ltd., and Wellmark Blue Cross & Blue Shield |
|
Bruce Hansen |
57 |
Former Chairman and CEO of ID Analytics; Former President of HNC Software, Inc.; Director of Performant Financial Corp., MITEK Systems Inc. and Zyme Solutions; Member of National Association of Corporate Directors |
|
Kathleen A. Hogenson |
56 |
CEO and President of Zone Oil & Gas LLC and former CEO and President of Zone Energy, LLC |
|
John F. Lehman |
74 |
Chairman of J.F. Lehman & Co.; Director, EnerSys, Inc.; Former U.S. Secretary of the Navy |
|
Andrew G. Mills |
64 |
Executive Chairman and President of Archegos Capital Management; Co-Chairman of Grace & Mercy Foundation; Director of Camp of the Woods; Member of the Massachusetts State Board of the Salvation Army; Co-Chairman of the Theology of Work Project |
|
Constantine P. Iordanou |
67 |
President and CEO, Director of Arch Capital Group Limited |
|
Scott G. Stephenson |
59 |
Chairman, CEO and President of Verisk Analytics |
Noteworthy Control
|
Name |
Shares of common stock owned |
% of total common shares |
|
The Vanguard Group |
14,249,351 |
8.5% |
|
BlackRock, Inc. |
9,346,539 |
5.6% |
|
GreatBanc Trust Co. |
8,747,138 |
5.2% |
[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]
