Russell Investments Group Ltd. Sells 19,816 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Russell Investments Group Ltd. trimmed its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 95.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 987 shares of the financial services provider’s stock after selling 19,816 shares during the period. Russell Investments Group Ltd.’s holdings in Trupanion were worth $30,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TRUP. PNC Financial Services Group Inc. boosted its holdings in shares of Trupanion by 45.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock worth $84,000 after buying an additional 933 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Trupanion during the 3rd quarter worth $219,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Trupanion during the 3rd quarter worth $225,000. Gabelli Funds LLC bought a new stake in shares of Trupanion during the 3rd quarter worth $234,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Trupanion by 94.1% during the 4th quarter. AdvisorNet Financial Inc now owns 13,410 shares of the financial services provider’s stock worth $409,000 after buying an additional 6,500 shares during the period.

Analyst Ratings Changes

TRUP has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Evercore ISI cut their target price on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Stifel Nicolaus upped their target price on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.00 to $49.00 in a research note on Thursday, May 16th. Finally, Canaccord Genuity Group cut their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trupanion has an average rating of “Moderate Buy” and a consensus price target of $32.80.

Trupanion Trading Up 2.8 %

Shares of TRUP stock opened at $28.95 on Friday. Trupanion, Inc. has a 52-week low of $18.45 and a 52-week high of $36.66. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -45.23 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $25.65 and a 200-day moving average of $27.29.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The company had revenue of $306.12 million during the quarter, compared to analysts’ expectations of $300.51 million. During the same quarter in the prior year, the company posted ($0.60) EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that Trupanion, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Darryl Rawlings bought 20,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the transaction, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Darryl Rawlings bought 20,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the transaction, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Dreyer sold 3,125 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $25.34, for a total transaction of $79,187.50. Following the sale, the senior vice president now owns 19,830 shares of the company’s stock, valued at approximately $502,492.20. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

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.