Allstate Corp Acquires Shares of 5,658 TransUnion (NYSE:TRU)

Allstate Corp acquired a new stake in shares of TransUnion (NYSE:TRU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,658 shares of the business services provider's stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of TransUnion by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,066,657 shares of the business services provider's stock worth $1,674,960,000 after purchasing an additional 241,019 shares during the last quarter. Van ECK Associates Corp increased its position in TransUnion by 7.4% during the 4th quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider's stock valued at $476,493,000 after purchasing an additional 356,306 shares during the period. Wellington Management Group LLP lifted its position in shares of TransUnion by 16.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider's stock worth $463,456,000 after purchasing an additional 635,581 shares during the period. William Blair Investment Management LLC boosted its stake in shares of TransUnion by 30.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock valued at $312,501,000 after purchasing an additional 789,497 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of TransUnion by 2.4% during the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider's stock valued at $330,251,000 after purchasing an additional 75,410 shares in the last quarter.

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Insider Activity

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the completion of the transaction, the insider now directly owns 58,488 shares of the company's stock, valued at $5,611,923.60. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the sale, the executive vice president now directly owns 105,443 shares in the company, valued at $10,095,112.82. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,021 shares of company stock valued at $372,751. 0.25% of the stock is currently owned by corporate insiders.

TransUnion Trading Down 5.7 %

Shares of TRU stock traded down $4.28 during trading on Friday, hitting $71.10. 5,306,262 shares of the stock traded hands, compared to its average volume of 1,634,973. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17. The firm has a market capitalization of $13.87 billion, a P/E ratio of 48.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The firm's fifty day moving average price is $90.60 and its 200-day moving average price is $96.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70.

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, research analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion declared that its board has approved a stock repurchase plan on Thursday, February 13th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.115 per share. This is a positive change from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, February 27th. TransUnion's dividend payout ratio (DPR) is currently 31.51%.

Analyst Ratings Changes

TRU has been the topic of several analyst reports. Jefferies Financial Group cut their target price on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Barclays decreased their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday. Wells Fargo & Company dropped their price target on TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Oppenheimer cut their price objective on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group lifted their price target on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.54.

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.