Verisk Analytics (VRSK -Q)

They raised their dividend by 15%. They reported a mixed quarter. Shares grind higher over time though the company is overlooked. Can they keep doing well when interest rates decline, which hurts the profits of the insurance industry? Shares have been sideways for over 6 months. He bets it will keep well because their software is great.

They suppled boring data to the boring insurance industry, but he likes boring. They've bought back 7.3% of its shares this year. Also, its lifetime chart is sharply higher. They sold their non-core business (selling data to energy companies) to become a pure data insurance company. Good. That sale paid for the buyback. They report lots of capital to shareholders.

Excellent company. Supplies data to insurance companies. Only risk is consolidation, where insurance companies wouldn't need to buy the data, as they'd have it if they were big enough. A resilient business, so not the best place to be in the first stage of an economic recovery. He prefers a capital goods cyclical right now, such as DE or CAT.