TransUnion Stock Price, News & Analysis

TransUnion (NYSE: TRU) will present at the William Blair Growth Stock Conference on June 3, 2021, at 10:00 a.m. CST. Chris Cartwright, President and CEO, and Todd Cello, CFO, will represent the company. The presentation will be accessible via a live webcast on the TransUnion Investor Relations website, with a replay available afterward. TransUnion provides insights that foster trust in the economy, operating in over 30 countries and serving hundreds of millions globally. Their mission emphasizes 'Information for Good.'

TransUnion has announced a donation of $1 million to aid COVID-19 relief efforts in India, distributing funds equally to Direct Relief and United Way Mumbai. This contribution will facilitate the procurement and delivery of critical medical supplies, including oxygen concentrators. The company is also providing health support for its employees, including online medical consultations and the airlifting of oxygen concentrators to major cities. TransUnion's proactive measures align with its commitment to public health amidst the ongoing pandemic.

The Q1 2021 TransUnion Industry Insights Report reveals resilience in the consumer credit market one year post-COVID-19. Key findings include a decrease in serious delinquency rates—credit cards at 1.25%, mortgages at 0.81%—and an increase in loan originations, indicating recovery. Personal loan balances declined, though serious delinquencies fell to 2.66%. Mortgage originations peaked at over 4 million in Q4 2020, highlighting strong demand. The report forecasts further growth as consumer sentiment improves and economic conditions stabilize.

Abhi Dhar, TransUnion CIO, named Global Enterprise CIO of the Year ORBIE Awards Finalist

On May 17, 2021, Abhi Dhar, Executive VP and Chief Information Technology Officer of TransUnion (NYSE: TRU), was recognized as a finalist for the prestigious ORBIE Awards, which honor technology leaders in the U.S. Dhar has played a pivotal role in evolving TransUnion's technology strategy, particularly in migrating to a hybrid multi-cloud infrastructure. This strategy enhances security and innovation, serving over 65,000 customers in more than 30 countries. CEO Chris Cartwright highlighted Dhar's contributions to the company's mission of trust and empowerment.

TransUnion's 2021 Virtual Insurance Summit, held on May 13, highlighted the challenges insurers face as many consumers transitioned from full coverage to being under or uninsured during COVID-19. The Summit gathered over 150 insurance executives, discussing key trends like the K-shaped economic recovery, shifting migration patterns affecting insurance needs, and backlogged court cases impacting premiums. Notably, 34% of consumers reported coverage reduction, indicating a crucial opportunity for insurers to better engage and support policyholders in financial distress.

TransUnion (NYSE: TRU) announced that Chris Cartwright, President and CEO, will present at the Barclays Americas Select Franchise Conference on May 19, 2021, at 2:00 p.m. BST (8:00 a.m. CDT; 9:00 a.m. EDT). A live webcast will be available on the TransUnion Investor Relations website, with a replay accessible after the event. TransUnion, a global information and insights company, aims to foster trust in the marketplace by providing comprehensive data to individuals and businesses, promoting economic opportunity and personal empowerment worldwide.

TransUnion (NYSE: TRU) declared a $0.095 cash dividend per share for Q1 2021, marking a 27% increase from the previous $0.075. This dividend aligns with the Board's target of 10% to 15% of Adjusted Diluted EPS based on recent guidance. The payment date is set for June 10, 2021, for shareholders of record on May 26, 2021.

On April 27, 2021, TransUnion reported robust Q1 2021 results with revenue of $745 million, up 8% year-over-year. Net income surged to $128 million, a significant increase from $70 million in Q1 2020, resulting in diluted EPS of $0.67. Adjusted EBITDA grew 14% to $300 million, achieving a margin of 40.3%. The company raised its full-year guidance, expecting revenue between $2.949 billion and $2.992 billion, reflecting a 9-10% increase. Despite challenges from COVID-19, TransUnion is positioned for sustained growth through continued investments.

TransUnion (NYSE:TRU) has announced a preferred equity investment in Spring Labs, a blockchain technology firm focused on consumer data security. This strategic cooperation aims to enhance the exchange of sensitive information while ensuring consumer privacy. TransUnion's involvement will extend Spring Labs' data exchange network, allowing secure information sharing amongst financial institutions without revealing underlying data. This partnership is anticipated to unlock new data sources and improve fraud detection.