Markel Corp lifted its stake in shares of TransUnion (NYSE:TRU) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the business services provider’s stock after purchasing an additional 20,000 shares during the period. Markel Corp’s holdings in TransUnion were worth $4,411,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in TRU. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its stake in TransUnion by 89.5% in the second quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 8,640 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 4,080 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in TransUnion by 6.0% in the second quarter. TimesSquare Capital Management LLC now owns 2,980,055 shares of the business services provider’s stock valued at $219,064,000 after purchasing an additional 168,375 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in TransUnion by 21.4% in the second quarter. Envestnet Asset Management Inc. now owns 59,632 shares of the business services provider’s stock valued at $4,384,000 after purchasing an additional 10,524 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in TransUnion by 222.9% in the second quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 468 shares in the last quarter. Finally, Stanley Laman Group Ltd. bought a new stake in TransUnion in the second quarter valued at approximately $274,000.
TRU has been the subject of several recent analyst reports. Atlantic Securities downgraded shares of TransUnion from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. SunTrust Banks reissued a “positive” rating and set a $90.00 price objective on shares of TransUnion in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Barclays reissued a “buy” rating and set a $80.00 price objective on shares of TransUnion in a research report on Sunday, May 5th. JPMorgan Chase & Co. increased their target price on shares of TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Deutsche Bank increased their target price on shares of TransUnion from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. TransUnion presently has a consensus rating of “Buy” and a consensus price target of $79.42.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. The firm had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $644.73 million. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. On average, sell-side analysts forecast that TransUnion will post 2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Wednesday, August 21st. TransUnion’s dividend payout ratio is currently 12.99%.
In other TransUnion news, Director Andrew Prozes sold 50,889 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $80.59, for a total value of $4,101,144.51. Following the completion of the sale, the director now owns 19,762 shares in the company, valued at $1,592,619.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James M. Peck sold 103,331 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $84.10, for a total transaction of $8,690,137.10. Following the completion of the sale, the director now owns 245,345 shares of the company’s stock, valued at approximately $20,633,514.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,215 shares of company stock valued at $20,548,597. Corporate insiders own 0.92% of the company’s stock.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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