Yes, according to Windows Update history, KB4531786 was successfully applied today prior to the second installation attempt of the failing KB4530734.
Are you still having problems installing Kb4530734 ?
If so wait till the end or close to the end of the month before trying again even though Microsoft stated that they are not aware of any issues with this update.
- As we are so close to the End of Win 7 i myself have turned Updates to ( Check for Updates but let me choose whether to download and install them ).
- I have also taken the Check Mark out from : ( Give me recommended Updates the same way i receive important updates. ( This way Updates show a additional pane : optional Updates are available ).
With the above settings i receive a New Update is Available Message / Pop Up down in the bottom left hand side of my Task Bar as to when some updates are available.
It is then my choice if i want to download and install these updates.
It also gives me time to do some research on the particular Kb`s ****** to see what they are about and what will be installed.
I myself would suggest holding off trying to install it.
Canadian Tech has posted many top notch articles on this site in relations to Updating as in what to do ( procedure wise ) and what Updates to install.
I have recently installed a New Hard drive and have tested his suggestions as in how to Update and what Updates to Install.
His method worked quickly and flawlessly on my computer, ( many thanks to Canadian Tech ).
Of course there were a few updates that differed that i needed in relations to certain products that i run which i located and installed.
Bottom Note :
Always run a good quality Anti Virus and a good quality Anti Malware product in any case.