Russell Investments Group Ltd. Acquires 25,471 Shares of Trupanion, Inc. $TRUP

Key Points

• Russell Investments Group Ltd. increased its stock position in Trupanion, Inc. by 277.7% during the first quarter, acquiring a total of 34,643 shares valued at approximately $1.29 million.
• Several institutional investors, including Balyasny Asset Management and Hosking Partners, significantly boosted their holdings in Trupanion, showing increased interest in the company amidst fluctuating stock prices.
• Analysts have mixed ratings on Trupanion, with an average consensus price target of $54.17, reflecting optimism about its future growth potential despite recent adjustments in target prices.

Russell Investments Group Ltd. increased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 277.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 34,643 shares of the financial services provider's stock after purchasing an additional 25,471 shares during the period. Russell Investments Group Ltd. owned 0.08% of Trupanion worth $1,291,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in TRUP. Balyasny Asset Management L.P. boosted its holdings in shares of Trupanion by 368.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider's stock worth $40,548,000 after acquiring an additional 661,559 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Trupanion by 170.7% during the fourth quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider's stock worth $16,248,000 after acquiring an additional 212,545 shares during the period. Hosking Partners LLP boosted its holdings in shares of Trupanion by 86.9% during the first quarter. Hosking Partners LLP now owns 397,656 shares of the financial services provider's stock worth $14,821,000 after acquiring an additional 184,936 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Trupanion during the fourth quarter worth approximately $7,776,000. Finally, First Trust Advisors LP bought a new stake in shares of Trupanion during the fourth quarter worth approximately $7,083,000.

Trupanion Price Performance

Shares of NASDAQ:TRUP traded down $1.16 during trading on Tuesday, hitting $45.20. 479,147 shares of the company were exchanged, compared to its average volume of 553,317. The business's 50 day moving average is $49.68 and its 200-day moving average is $44.01. The company has a market capitalization of $1.94 billion, a P/E ratio of 173.85 and a beta of 1.72. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.32. Trupanion, Inc. has a 1-year low of $31.00 and a 1-year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.25. The company had revenue of $353.56 million during the quarter, compared to the consensus estimate of $346.73 million. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) earnings per share. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insider Activity

In other news, CFO Fawwad Qureshi sold 2,800 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total transaction of $127,568.00. Following the completion of the transaction, the chief financial officer directly owned 6,451 shares in the company, valued at approximately $293,907.56. This represents a 30.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRUP. Cantor Fitzgerald upgraded Trupanion to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler boosted their price objective on shares of Trupanion from $62.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Trupanion from $41.00 to $45.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $54.17.

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.