Zurich Insurance Group Ltd FI Increases Holdings in TransUnion (NYSE:TRU)

Zurich Insurance Group Ltd FI increased its position in shares of TransUnion (NYSE:TRU) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,054,952 shares of the business services provider’s stock after buying an additional 19,678 shares during the period. Zurich Insurance Group Ltd FI owned about 0.54% of TransUnion worth $78,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors bought a new stake in shares of TransUnion in the 4th quarter valued at about $663,001,000. Massachusetts Financial Services Co. MA raised its stake in TransUnion by 32.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after buying an additional 3,977,595 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in TransUnion by 51.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after acquiring an additional 2,306,596 shares in the last quarter. CCLA Investment Management grew its stake in shares of TransUnion by 104,813.6% during the first quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after acquiring an additional 1,945,340 shares during the last quarter. Finally, Meritage Group LP increased its holdings in shares of TransUnion by 56.5% during the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after acquiring an additional 1,815,540 shares in the last quarter.

Analyst Upgrades and Downgrades

TRU has been the topic of several recent research reports. Morgan Stanley upped their price objective on shares of TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Wells Fargo & Company raised shares of TransUnion to a “strong-buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group upped their price objective on shares of TransUnion from $87.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Wolfe Research assumed coverage on shares of TransUnion in a research report on Tuesday, July 9th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer raised their price target on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

TransUnion Stock Up 0.9 %

Shares of TRU stock opened at $105.99 on Wednesday. The firm’s 50-day moving average is $92.00 and its two-hundred day moving average is $81.40. TransUnion has a 12 month low of $42.09 and a 12 month high of $106.67. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities research analysts anticipate that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio (DPR) is -29.37%.

Insider Activity

In other news, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the completion of the transaction, the insider now owns 27,729 shares in the company, valued at $2,373,047.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the transaction, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,080 shares of company stock valued at $2,141,724. Company insiders own 0.22% of the company’s stock.

TransUnion Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses 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.