Zurich Insurance Group Ltd FI Buys 31,376 Shares of TransDigm Group Incorporated (NYSE:TDG)

Zurich Insurance Group Ltd FI boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 49.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,537 shares of the aerospace company’s stock after acquiring an additional 31,376 shares during the period. TransDigm Group accounts for 1.1% of Zurich Insurance Group Ltd FI’s investment portfolio, making the stock its 16th largest holding. Zurich Insurance Group Ltd FI owned about 0.17% of TransDigm Group worth $134,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TDG. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its holdings in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group during the 2nd quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,277.00 on Friday. TransDigm Group Incorporated has a 1 year low of $965.69 and a 1 year high of $1,451.32. The firm has a market cap of $71.81 billion, a PE ratio of 49.88, a P/E/G ratio of 2.99 and a beta of 1.39. The stock has a fifty day moving average price of $1,333.48 and a 200-day moving average price of $1,315.97.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,464.00.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last ninety days. 4.96% of the stock is currently owned by insiders.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.