Legal & General Group Plc Sells 315,503 Shares of TransUnion (NYSE:TRU)

Legal & General Group Plc lowered its position in shares of TransUnion (NYSE:TRU - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,050,927 shares of the business services provider's stock after selling 315,503 shares during the period. Legal & General Group Plc owned about 0.54% of TransUnion worth $97,431,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in TransUnion by 82.1% in the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider's stock valued at $40,000 after purchasing an additional 193 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of TransUnion during the fourth quarter valued at approximately $40,000. Huntington National Bank boosted its holdings in TransUnion by 58.7% during the fourth quarter. Huntington National Bank now owns 454 shares of the business services provider's stock worth $42,000 after purchasing an additional 168 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in TransUnion in the 4th quarter valued at $44,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of TransUnion in the 4th quarter worth approximately $47,000.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares of the company's stock, valued at approximately $10,095,112.82. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total transaction of $83,310.00. Following the transaction, the insider now directly owns 77,393 shares of the company's stock, valued at approximately $6,447,610.83. This trade represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,021 shares of company stock worth $372,751. Company insiders own 0.22% of the company's stock.

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TransUnion Trading Up 0.4 %

NYSE:TRU traded up $0.32 during trading hours on Tuesday, reaching $75.10. The company's stock had a trading volume of 1,253,747 shares, compared to its average volume of 1,692,693. The firm has a 50-day simple moving average of $86.28 and a 200-day simple moving average of $94.75. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 1.18 and a beta of 1.67.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. Research analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion announced that its board has authorized a stock repurchase program on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

TransUnion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.61%. This is an increase from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 27th. TransUnion's dividend payout ratio is 31.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Monday. William Blair restated an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. 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 report on Tuesday, January 28th. Oppenheimer decreased their target price on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their target price on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, TransUnion currently has an average rating of "Moderate Buy" and a consensus target price of $111.23.

About TransUnion

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.