Allstate Corp Buys New Shares in TransUnion $TRU

Allstate Corp purchased a new stake in TransUnion (NYSE:TRU) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,030 shares of the business services provider’s stock, valued at approximately $589,000.

Several other institutional investors also recently made changes to their positions in TRU. Geneos Wealth Management Inc. grew its stake in TransUnion by 1,318.2% during the first quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock worth $26,000 after buying an additional 290 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of TransUnion during the 2nd quarter valued at $30,000. Elevation Point Wealth Partners LLC acquired a new position in shares of TransUnion during the 2nd quarter valued at $34,000. MAI Capital Management boosted its position in TransUnion by 333.3% during the 2nd quarter. MAI Capital Management now owns 403 shares of the business services provider’s stock worth $35,000 after purchasing an additional 310 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in TransUnion in the 2nd quarter valued at $45,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TRU shares. Robert W. Baird set a $125.00 target price on TransUnion in a research report on Friday, October 24th. Seaport Research Partners raised TransUnion to a “hold” rating in a research report on Wednesday, October 1st. Oppenheimer started coverage on shares of TransUnion in a research report on Monday, October 13th. They issued an “outperform” rating and a $93.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of TransUnion from $118.00 to $107.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, The Goldman Sachs Group raised their price target on shares of TransUnion from $78.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.08.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Todd C. Skinner sold 500 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $85.71, for a total transaction of $42,855.00. Following the sale, the insider directly owned 32,225 shares of the company’s stock, valued at approximately $2,762,004.75. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $85.71, for a total transaction of $85,710.00. Following the completion of the transaction, the insider owned 61,592 shares in the company, valued at approximately $5,279,050.32. The trade was a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,318 shares of company stock worth $704,958 over the last 90 days. Insiders own 0.22% of the company’s stock.

TransUnion Trading Up 3.0%

Shares of NYSE TRU opened at $85.81 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average price is $84.50 and its two-hundred day moving average price is $86.23. TransUnion has a 52-week low of $66.38 and a 52-week high of $101.19. The stock has a market capitalization of $16.66 billion, a P/E ratio of 40.10, a PEG ratio of 1.57 and a beta of 1.72.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, October 23rd. The business services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.13 billion. TransUnion had a return on equity of 16.05% and a net margin of 9.47%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 21st were paid a dividend of $0.115 per share. The ex-dividend date was Friday, November 21st. This represents a $0.46 annualized dividend and a yield of 0.5%. TransUnion’s payout ratio is presently 21.50%.

TransUnion Profile

TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.

The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.