Allstate Corp purchased a new stake in shares of TransUnion (NYSE:TRU – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,313 shares of the business services provider’s stock, valued at approximately $3,546,000.
Several other institutional investors also recently modified their holdings of TRU. Vanguard Group Inc. grew its stake in shares of TransUnion by 0.7% in the first quarter. Vanguard Group Inc. now owns 16,806,886 shares of the business services provider’s stock worth $1,736,824,000 after acquiring an additional 116,546 shares during the period. State Street Corp lifted its holdings in shares of TransUnion by 1.8% during the 4th quarter. State Street Corp now owns 4,119,291 shares of the business services provider’s stock valued at $488,466,000 after buying an additional 71,121 shares during the period. Principal Financial Group Inc. grew its holdings in shares of TransUnion by 1.3% in the first quarter. Principal Financial Group Inc. now owns 4,038,566 shares of the business services provider’s stock worth $417,345,000 after acquiring an additional 53,508 shares during the period. Invesco Ltd. increased its position in TransUnion by 8.5% during the fourth quarter. Invesco Ltd. now owns 2,483,953 shares of the business services provider’s stock valued at $294,546,000 after acquiring an additional 194,500 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in TransUnion by 223.9% in the fourth quarter. Marshall Wace LLP now owns 2,392,948 shares of the business services provider’s stock worth $283,756,000 after purchasing an additional 1,654,197 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.
TransUnion Trading Up 0.4 %
Shares of TRU opened at $76.83 on Monday. The stock has a market capitalization of $14.79 billion, a PE ratio of 11.64, a P/E/G ratio of 0.76 and a beta of 1.30. The company’s fifty day moving average is $80.27 and its 200 day moving average is $86.28. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.63 and a current ratio of 1.63. TransUnion has a fifty-two week low of $72.26 and a fifty-two week high of $125.15.
TransUnion Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 25th were issued a $0.105 dividend. This is a boost from TransUnion’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.55%. TransUnion’s payout ratio is 6.36%.
In other news, CEO Christopher A. Cartwright acquired 25,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $79.42 per share, for a total transaction of $1,985,500.00. Following the completion of the transaction, the chief executive officer now directly owns 226,410 shares of the company’s stock, valued at approximately $17,981,482.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of TransUnion from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Morgan Stanley decreased their price objective on TransUnion from $91.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 27th. StockNews.com raised shares of TransUnion from a “sell” rating to a “hold” rating in a report on Thursday. Barclays lowered their price target on shares of TransUnion from $105.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. Finally, Bank of America cut shares of TransUnion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $119.00 to $86.00 in a research note on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.25.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.
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