© Reuters.
By Davit Kirakosyan
Investing.com — Listed here are 5 largest share buyback bulletins from the previous week you’ll have missed on InvestingPro. Begin your free 7-day trial to get this information first.
Verisk Analytics proclaims accelerated $2.5 billion repurchase program
Verisk Analytics (NASDAQ:) introduced that it has entered into accelerated share repurchase agreements with every of Citibank, and Goldman Sachs to repurchase an combination of $2.5B of the corporate’s widespread inventory.
Morgan Stanley mentioned on Thursday it is including a place to the corporate, given (1) industry-standard community results in a pretty {industry}, (2) engaging valuation after the corporate’s return to its conventional property and casualty-focused finish markets after promoting non-core enterprise segments, and (3) from a portfolio perspective, reduces the Mannequin’s volatility and publicity to client discretionary whereas including publicity to high-quality industrials.
The corporate reported its final month, with each EPS and revenues coming in higher than the consensus estimates.
Shares closed the week with greater than a 3% loss.
Consolidated Edison enters $1B accelerated buyback
Consolidated Edison (NYSE:) introduced that it has entered into accelerated share repurchase agreements with two sellers to repurchase $1B in combination of its widespread shares. Con Edison is funding the repurchases from a portion of the proceeds from the sale of Con Edison Clear Power Companies.
The corporate reported its final month, with EPS of $0.81 and income of $4.03B beating the consensus estimates of $0.80 and $2.97B, respectively.
3 extra buybacks
Visteon (NASDAQ:) introduced a share repurchase program of $300M of widespread inventory expiring December 31, 2026.
Corcept Therapeutics (NASDAQ:) introduced that it has commenced a modified Dutch Public sale tender provide for the acquisition of as much as 7.5M shares of its widespread inventory at a worth not better than $22 per share nor lower than $19.25 per share.
Shares rose greater than 7% this week.
American Specific (NYSE:) introduced the repurchase of as much as 120M widespread shares, changing the roughly 36M widespread shares remaining from the earlier authorization in 2019.
The corporate additionally hiked its dividend by 15.4% to $0.60 per share, or $2.4 annualized, with an annual yield of 1.4%.
Shares fell greater than 7% this week.
