Frank J. Coyne, Chairman and CEO of Verisk Analytics, Sold $4.6 Million Worth of Shares
On June 5, 2012, chairman and CEO of Verisk Analytics Frank J. Coyne sold 100,000 shares at an average price of $46.36. The total transaction amount is $4,636,000.
Before Coyne came to Verisk Analytics, he worked at Kemper Insurance Companies as executive vice president–specialty and risk management groups. In February 1999, he joined the company's ISO subsidiary as president and chief operating officer. He was elected president and chief executive officer on July 1, 2000, and became chairman two years later.
Mr. Coyne has also sold 400,000 shares of VRSK stock during April and May. EVP and CFO Mark V. Anquillare sold 180,000 shares from January to May. During May and the beginning of June, directors and officers of Verisk Analytics have sold shares of VRSK stock.
As of March 31, GuruFocus guru Ruane Cunniff, who has kept his positions in VRSK unchanged or slightly adjusted, owns 69,803 shares. Ron Baron has also kept his position unchanged or slightly adjusted. He owns 4,486,409 shares as of March 31, 2012. Warren Buffett owns 2,230,148 shares since the first quarter, ended March 31, a 35.26% decrease from the previous quarter.
On May 1, Verisk Analytics Inc. announced results for the 2012 first quarter ended March 31, 2012. For the first quarter, the company reported net income of $74.6 million. Total revenue was announced to be $346.5 million, an increase from the $312.9 million from the 2011 first quarter.