Deutsche Bank AG Takes Position in Trupanion, Inc. $TRUP

Deutsche Bank AG purchased a new position in Trupanion, Inc. (NASDAQ:TRUP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 74,260 shares of the financial services provider’s stock, valued at approximately $1,839,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in Trupanion during the second quarter worth approximately $1,394,000. Renaissance Technologies LLC grew its position in shares of Trupanion by 550.0% in the first quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $999,000 after purchasing an additional 33,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Trupanion by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 702,086 shares of the financial services provider’s stock worth $17,981,000 after purchasing an additional 95,064 shares during the period. Kopion Asset Management LLC increased its stake in shares of Trupanion by 30.9% during the second quarter. Kopion Asset Management LLC now owns 522,999 shares of the financial services provider’s stock worth $12,955,000 after purchasing an additional 123,308 shares during the period. Finally, Polar Capital Holdings Plc lifted its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after purchasing an additional 175,000 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Atlantic Securities set a $42.00 target price on Trupanion in a report on Wednesday, July 15th. Stifel Nicolaus boosted their target price on shares of Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, Piper Sandler downgraded shares of Trupanion from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $45.00 to $32.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.20.

Trupanion Price Performance

Trupanion stock opened at $29.62 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s fifty day moving average price is $27.00 and its two-hundred day moving average price is $26.00. Trupanion, Inc. has a one year low of $21.16 and a one year high of $46.98.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The business had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Trupanion’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Trupanion, Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $22.00, for a total transaction of $146,828.00. Following the completion of the sale, the executive vice president directly owned 78,062 shares in the company, valued at $1,717,364. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret Tooth sold 978 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total value of $28,410.90. Following the sale, the chief executive officer owned 175,401 shares of the company’s stock, valued at approximately $5,095,399.05. This represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,116 shares of company stock worth $395,999. Corporate insiders own 5.58% of the company’s stock.

Trupanion Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.