Raiffeisen Bank International AG Purchases New Shares in Trupanion, Inc. (NASDAQ:TRUP)

Raiffeisen Bank International AG purchased a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP) during the 4th quarter, Holdings Channel reports. The fund purchased 51,245 shares of the financial services provider’s stock, valued at approximately $2,505,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRUP. Jones Financial Companies Lllp increased its stake in Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 238 shares during the period. Coppell Advisory Solutions LLC increased its stake in Trupanion by 58.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 460 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Trupanion in the fourth quarter worth $25,000. Swiss National Bank increased its stake in Trupanion by 1.1% in the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider’s stock worth $3,196,000 after purchasing an additional 700 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Trupanion by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,745 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 717 shares during the period.

Trupanion Stock Performance

Shares of Trupanion stock opened at $45.43 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of -197.52, a P/E/G ratio of 6.02 and a beta of 1.72. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39. Trupanion, Inc. has a 12 month low of $25.90 and a 12 month high of $57.90. The stock’s fifty day moving average price is $37.69 and its 200-day moving average price is $44.39.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $341.98 million for the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. On average, equities research analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on TRUP shares. Lake Street Capital reduced their target price on Trupanion from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus reduced their target price on Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Finally, Piper Sandler reduced their target price on Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Insider Activity

In related news, CEO Margaret Tooth sold 2,294 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total transaction of $72,008.66. Following the sale, the chief executive officer now owns 118,784 shares of the company’s stock, valued at $3,728,629.76. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Fawwad Qureshi sold 1,373 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the sale, the chief financial officer now directly owns 2,416 shares in the company, valued at approximately $82,675.52. The trade was a 36.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,792 shares of company stock worth $1,122,802. Company insiders own 5.50% of the company’s stock.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.