TransUnion Stock Price, News & Analysis

TransUnion (NYSE: TRU) and the NAACP launched a credit education website, Connecting to Our Financial Future, aimed at enhancing financial inclusion for underrepresented communities.

Over 45 million U.S. consumers are credit unserved or underserved, especially within Black communities that face systemic barriers in accessing credit. The initiative includes tools from MoCaFi to assess financial health. The collaboration underscores the importance of credit education for achieving economic empowerment.

TransUnion (NYSE: TRU) will release its Q1 financial results for the period ending March 31, 2023, on April 25, 2023, at 6:00 a.m. CT. A conference call will follow at 8:30 a.m. CT on the same day to discuss the results. Investors can access the press release and the live webcast through the TransUnion Investor Relations website.

TransUnion operates globally with over 12,000 employees in more than 30 countries, providing crucial consumer data and insights to foster economic opportunity and personal empowerment.

TransUnion (NYSE: TRU) has expanded its TruAudience marketing solutions, integrating capabilities from Neustar to enhance audience targeting and measurement for marketers. The updated TruAudience allows clients to leverage expansive consumer data and advanced identity resolution to improve marketing effectiveness.

Notably, clients reported a 40% reduction in duplicate CRM records and a 30% increase in conversions. The suite offers closed-loop marketing measurement and credit-informed solutions, enhancing data quality and audience insights. TransUnion's identity graph now covers over 200 data sources, improving targeting across diverse channels.

TransUnion (NYSE: TRU) reported a 122% surge in digital fraud attempts in the U.S. between 2019 and 2022, paralleling a global increase of 80%. The 2023 State of Omnichannel Fraud Report highlights that 4.6% of digital transactions were deemed fraudulent, consistent with pre-pandemic levels. Major sectors impacted include gaming and retail, with credit card fraud remaining the most prevalent at 6.5%. Notably, losses linked to synthetic identities reached a staggering $4.6 billion in 2022. The report emphasizes the necessity for organizations to enhance fraud protection to maintain consumer trust amidst rising digital transactions.

TransUnion (NYSE: TRU) has announced that Chris Cartwright, President and CEO, will present at the BofA Securities 2023 Information & Business Services Conference on March 16, 2023. The presentation is set to begin at 7:10 a.m. CT (8:10 a.m. ET) and will be accessible via a live webcast on the TransUnion Investor Relations website. A replay will also be available post-presentation.

TransUnion operates globally with over 12,000 associates in more than 30 countries, focusing on creating trust through reliable consumer representation and innovative solutions across various sectors.

Medical identity theft has been the leading fraud risk for three consecutive quarters, as reported by TransUnion. In Q4 2022, over 22 million Americans had their personally identifiable information exposed due to data breaches. Among these, more than 14 million faced medical identity theft, which includes serious crimes like health insurance fraud. The report indicates a decrease in the number of high-risk breaches, yet the severity of risk increased by 2%. States like Alabama, Colorado, and Oklahoma are particularly affected. The report emphasizes proactive measures for government agencies and consumers to mitigate fraud risks.

TransUnion (NYSE: TRU) announced that Todd Cello, Executive Vice President and CFO, will present at the RBC Capital Markets Global Financial Institutions Conference on March 7, 2023, starting at 8:20 a.m. CT. A live webcast will be available on the TransUnion Investor Relations website, with a replay following the event. TransUnion operates in over 30 countries with over 12,000 employees, focusing on providing reliable consumer data for market transactions. The company emphasizes Information for Good®, enhancing economic opportunity and personal empowerment through innovative solutions in marketing, fraud, and advanced analytics.

TransUnion's latest report reveals a 7% increase in auto insurance shopping and a 5% rise in property insurance shopping in Q4 2022 compared to the previous year. This uptick signifies a recovery from suppressed shopping activity throughout 2022. The primary driver for this trend is consumers' search for lower rates. The report also points out that improved marketing strategies can help insurers target the right consumers effectively. Furthermore, the addition of cyber incident response services shows potential for enhancing policyholder value. However, increased commuting trends in 2023 may lead to higher auto claims.

On February 23, 2023, TransUnion (NYSE: TRU) declared a cash dividend of $0.105 per share for the fourth quarter of 2022. This dividend is scheduled for payment on March 24, 2023, to shareholders recorded as of March 9, 2023. TransUnion operates globally, employing over 12,000 associates across more than 30 countries. The company focuses on providing reliable consumer representations in the marketplace, leveraging core credit and advanced analytics to drive trust and confidence in transactions.