Dai Ichi Life Insurance Company Ltd Takes Position in TransUnion (NYSE:TRU)

Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of TransUnion (NYSE:TRU) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,115 shares of the business services provider’s stock, valued at approximately $232,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in TransUnion by 151.0% in the 1st quarter. SG Americas Securities LLC now owns 18,241 shares of the business services provider’s stock worth $1,642,000 after purchasing an additional 10,973 shares during the period. Global Endowment Management LP purchased a new position in TransUnion in the 2nd quarter worth $11,120,000. Chicago Capital LLC raised its position in TransUnion by 3.4% in the 2nd quarter. Chicago Capital LLC now owns 393,321 shares of the business services provider’s stock worth $43,191,000 after purchasing an additional 12,959 shares during the period. Legal & General Group Plc raised its position in TransUnion by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 1,103,495 shares of the business services provider’s stock worth $121,175,000 after purchasing an additional 56,295 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in TransUnion by 13.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 180,846 shares of the business services provider’s stock worth $16,276,000 after purchasing an additional 21,213 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

NYSE:TRU opened at $111.97 on Thursday. TransUnion has a one year low of $78.02 and a one year high of $125.35. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.08 and a quick ratio of 2.08. The company’s 50-day simple moving average is $117.90 and its 200 day simple moving average is $110.60. The firm has a market capitalization of $21.44 billion, a P/E ratio of 47.05, a PEG ratio of 1.63 and a beta of 1.32.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 27th. The business services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. TransUnion had a net margin of 15.79% and a return on equity of 23.10%. The business had revenue of $774.20 million for the quarter, compared to analyst estimates of $749.12 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. TransUnion’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities research analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Wednesday, August 25th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, August 24th. TransUnion’s payout ratio is currently 13.52%.

In other TransUnion news, EVP Richard Dane Mauldin sold 1,250 shares of TransUnion stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $119.25, for a total value of $149,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Neenan sold 24,199 shares of TransUnion stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $120.33, for a total transaction of $2,911,865.67. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

TRU has been the topic of a number of analyst reports. Truist lifted their target price on shares of TransUnion from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Morgan Stanley raised their price target on shares of TransUnion from $130.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, September 23rd. Barclays raised their price target on shares of TransUnion from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransUnion from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Finally, Robert W. Baird raised their price target on shares of TransUnion from $121.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, July 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TransUnion has an average rating of “Buy” and an average target price of $127.90.

TransUnion Profile

TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services and decision making capabilities to businesses. The firm operates through the following segments: U.S. Information Services (USIS), International, Consumer Interactive, and Corporate.

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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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