Trupanion, Inc. (NASDAQ:TRUP) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,730 shares of the financial services provider’s stock after buying an additional 437 shares during the quarter. Principal Financial Group Inc. owned 0.45% of Trupanion worth $5,156,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Trupanion by 5.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock worth $553,000 after buying an additional 948 shares in the last quarter. Check Capital Management Inc. CA lifted its holdings in Trupanion by 4.7% during the 4th quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock worth $732,000 after buying an additional 1,075 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Trupanion by 1.6% during the 4th quarter. New York State Common Retirement Fund now owns 80,434 shares of the financial services provider’s stock worth $2,454,000 after buying an additional 1,292 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Trupanion by 10.9% during the 4th quarter. Benjamin Edwards Inc. now owns 20,087 shares of the financial services provider’s stock worth $613,000 after buying an additional 1,982 shares in the last quarter.

Trupanion Price Performance

Trupanion stock traded down $0.04 during midday trading on Friday, hitting $28.76. 57,065 shares of the company’s stock were exchanged, compared to its average volume of 709,340. Trupanion, Inc. has a 12-month low of $19.14 and a 12-month high of $36.66. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $27.62 and its 200 day simple moving average is $27.52.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $300.51 million. During the same period last year, the firm posted ($0.60) EPS. Trupanion’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts forecast that Trupanion, Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRUP shares. Canaccord Genuity Group reduced their price objective on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Piper Sandler raised their price objective on shares of Trupanion from $22.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Finally, Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $49.00 in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.40.

Insider Activity at Trupanion

In related news, EVP Steve Weinrauch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $29.35, for a total value of $29,350.00. Following the completion of the sale, the executive vice president now owns 55,896 shares in the company, valued at $1,640,547.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trupanion news, CEO Darryl Rawlings bought 20,700 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the completion of the transaction, the chief executive officer now owns 614,842 shares in the company, valued at approximately $14,842,285.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steve Weinrauch sold 1,000 shares of Trupanion stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. Following the transaction, the executive vice president now owns 55,896 shares of the company’s stock, valued at approximately $1,640,547.60. The disclosure for this sale can be found here. Insiders sold 5,325 shares of company stock worth $144,586 over the last 90 days. Company insiders own 5.50% of the company’s stock.

Trupanion Profile

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.