Elo Mutual Pension Insurance Co Lowers Holdings in TransUnion (NYSE:TRU)

Elo Mutual Pension Insurance Co lowered its stake in shares of TransUnion (NYSE:TRU) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,070 shares of the business services provider’s stock after selling 3,180 shares during the period. Elo Mutual Pension Insurance Co’s holdings in TransUnion were worth $1,304,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in TransUnion by 82.1% during the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock worth $40,000 after acquiring an additional 193 shares during the period. True Wealth Design LLC grew its stake in shares of TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after purchasing an additional 459 shares during the period. Retirement Wealth Solutions LLC purchased a new position in shares of TransUnion during the 4th quarter valued at approximately $44,000. Kestra Investment Management LLC acquired a new position in shares of TransUnion in the 4th quarter valued at $51,000. Finally, Smartleaf Asset Management LLC grew its position in TransUnion by 28.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider’s stock valued at $68,000 after buying an additional 164 shares during the period.

Analysts Set New Price Targets

TRU has been the topic of several recent analyst reports. Oppenheimer lowered their target price 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. Wells Fargo & Company dropped their price objective on TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group cut their price objective on TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. UBS Group lifted their price target on shares of TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price target on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.08.

TransUnion Stock Performance

NYSE:TRU opened at $82.27 on Monday. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The company has a market cap of $16.05 billion, a P/E ratio of 56.35, a P/E/G ratio of 1.18 and a beta of 1.70. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $91.72 and its 200-day moving average price is $97.14.

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

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, February 27th. This is a positive change from TransUnion’s previous quarterly dividend of $0.11. TransUnion’s payout ratio is currently 31.51%.

TransUnion declared that its Board of Directors has approved a stock buyback 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 generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the sale, the executive vice president now owns 105,443 shares of the company’s stock, valued at approximately $10,095,112.82. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total value of $93,600.00. Following the completion of the transaction, the insider now owns 59,488 shares of the company’s stock, valued at $5,568,076.80. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,021 shares of company stock valued at $383,041. 0.22% of the stock is currently owned by 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.