TransUnion Stock Price, News & Analysis

TransUnion has completed the acquisition of Sontiq for $638 million, enhancing its digital identity protection solutions. Sontiq specializes in identity monitoring and cyber threat protection, aligning with TransUnion's focus on digital safety. The integration of Sontiq is expected to advance TransUnion’s offerings, providing a comprehensive platform for consumers and businesses. With Sontiq’s Intelligent Identity Security platform, TransUnion aims to significantly boost growth opportunities in the identity security market. The transaction was advised by J.P. Morgan and involved multiple financing arrangers.

TransUnion has completed its largest acquisition to date, acquiring Neustar for $3.1 billion. This strategic move aims to accelerate growth in identity-based solutions, enhancing TransUnion's capabilities in marketing, fraud, and communications. The acquisition will integrate Neustar's real-time identity resolution services, powered by its OneID™ platform. Chris Cartwright, CEO of TransUnion, expressed confidence in leveraging Neustar's assets to foster greater trust in digital commerce. Notably, Neustar's security services were excluded from this transaction.

TransUnion's Q3 2021 Insurance Shopping Report reveals a significant shift in consumer behavior amidst a tight housing market. Rental insurance shopping saw a marked increase, especially among Baby Boomers and Gen X, as soaring housing prices push many homeowners to rental options. In contrast, auto insurance shopping dropped, particularly among lower-risk consumers, reflecting the rising inflation concerns. The three-week moving average indicated property insurance shopping was up by 1% to 8% year-over-year, whereas auto insurance shopping fell by 2% to 13%. These trends showcase how external economic factors are influencing insurance purchasing decisions.

TransUnion's latest Consumer Pulse study reveals a positive shift in consumer sentiment. Approximately 63% of U.S. respondents express optimism regarding their household finances over the next year, with Millennials (73%) and Gen Z (71%) leading this optimism. Concerns about inflation are prevalent, with 59% expressing anxiety, particularly among older generations. The study highlights changes in spending habits, with consumers planning to reduce discretionary spending while increasing expenditures on bills and loans. Overall, the financial outlook appears to be improving, indicating a trend toward better economic conditions.

TransUnion (NYSE: TRU) partnered with Aite-Novarica Group to release a report highlighting trends in the collections industry. Key findings indicate a positive outlook, with 69% of professionals expecting increased technology investments and 67% anticipating higher employee compensation over the next two years. The number of collection employees is projected to rise to 137,928 in 2021, although still below 2018 figures. The report also suggests a growth in remote work arrangements, with 64% of companies considering them to attract talent and enhance retention.

TransUnion (NYSE: TRU) will present at the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 9:15 a.m. CT. Chris Cartwright, President and CEO, and Jason Laky, Executive Vice President of Financial Services, will represent the company. A live webcast will be available on the TransUnion Investor Relations website, with a replay accessible afterward. TransUnion, a global information and insights company, operates in over 30 countries, helping create economic opportunities and promoting trust in transactions.

TransUnion's 2021 Consumer Holiday Shopping Report reveals a shift in shopping behaviors, with 72% of consumers changing their online shopping habits due to anticipated low inventories. A significant 22% plan to spend more this holiday season, marking a recovery after two years of decline, primarily driven by Gen Z. Concerns about order fulfillment remain high, with 83% planning online shopping. Retailers are encouraged to assure inventory availability and on-time delivery, as consumers are also open to trying new retailers. Additionally, social and environmental responsibility influences shopping preferences.

TransUnion (NYSE: TRU) has declared a cash dividend of $0.095 per share for the third quarter of 2021. This dividend is set to be paid on December 9, 2021, to shareholders on record as of November 24, 2021. As a global information and insights company, TransUnion aims to foster trust in the modern economy, serving hundreds of millions across more than 30 countries.