Asahi Life Asset Management CO. LTD. Takes $324,000 Position in TransUnion (NYSE:TRU)

Asahi Life Asset Management CO. LTD. purchased a new position in TransUnion (NYSE:TRU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,495 shares of the business services provider's stock, valued at approximately $324,000.

A number of other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in TransUnion by 10,369.6% in the 3rd quarter. International Assets Investment Management LLC now owns 5,863 shares of the business services provider's stock valued at $614,000 after buying an additional 5,807 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in TransUnion by 146.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,466 shares of the business services provider's stock valued at $1,410,000 after buying an additional 7,995 shares in the last quarter. abrdn plc increased its holdings in shares of TransUnion by 4.2% during the 3rd quarter. abrdn plc now owns 64,629 shares of the business services provider's stock valued at $6,767,000 after acquiring an additional 2,600 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of TransUnion during the 3rd quarter worth approximately $203,000. Finally, Cigna Investments Inc. New bought a new position in shares of TransUnion during the 3rd quarter worth approximately $210,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. William Blair restated an "outperform" rating on shares of TransUnion in a report on Friday, February 14th. Morgan Stanley decreased their price target on TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a report on Friday, February 14th. Wells Fargo & Company cut their price target on TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Finally, Jefferies Financial Group dropped their price objective on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $111.64.

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TransUnion Stock Performance

NYSE TRU traded down $2.98 during trading hours on Thursday, hitting $87.09. The company had a trading volume of 846,225 shares, compared to its average volume of 1,515,053. The firm has a market cap of $16.99 billion, a P/E ratio of 59.64, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. TransUnion has a fifty-two week low of $66.07 and a fifty-two week high of $113.17. The business has a fifty day simple moving average of $94.28 and a 200-day simple moving average of $98.46.

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

TransUnion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.53%. TransUnion's dividend payout ratio (DPR) is presently 31.51%.

TransUnion declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm's 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 sale, the insider now directly owns 58,488 shares in the company, valued at $5,611,923.60. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares in the company, valued at $10,095,112.82. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,021 shares of company stock worth $383,041 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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.