Allianz Asset Management GmbH Sells 15,422 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Key Points

• Allianz Asset Management GmbH reduced its stake in Trupanion, Inc. by 7.0%, now holding approximately 0.48% of the company valued at $7.65 million after selling 15,422 shares.
• Insiders at Trupanion have sold a total of 11,562 shares worth $544,870 in the last quarter, indicating a decrease in their ownership levels.
• Trupanion reported a revenue increase of 11.7% year-over-year, exceeding analysts' expectations, and has a consensus rating of "Moderate Buy" with a target price of $53.80.

Allianz Asset Management GmbH lowered its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,170 shares of the financial services provider's stock after selling 15,422 shares during the period. Allianz Asset Management GmbH owned approximately 0.48% of Trupanion worth $7,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Trupanion during the 4th quarter worth $39,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Trupanion by 988.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 1,028 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in Trupanion by 58.3% in the 4th 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 last quarter. Bayesian Capital Management LP bought a new stake in Trupanion in the fourth quarter valued at $201,000. Finally, Eschler Asset Management LLP acquired a new position in Trupanion in the fourth quarter valued at about $214,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRUP. Piper Sandler upped their price target on Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Lake Street Capital lowered their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.80.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 2,534 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the completion of the sale, the chief financial officer owned 3,545 shares in the company, valued at approximately $171,258.95. This trade represents a 41.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John R. Gallagher sold 4,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $47.90, for a total value of $191,600.00. Following the completion of the transaction, the chief operating officer owned 26,966 shares in the company, valued at $1,291,671.40. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,562 shares of company stock worth $544,870. 5.42% of the stock is owned by company insiders.

Trupanion Stock Up 0.8%

Shares of TRUP traded up $0.36 during trading hours on Thursday, reaching $47.94. The company's stock had a trading volume of 78,941 shares, compared to its average volume of 597,866. The company has a 50 day moving average of $50.90 and a two-hundred day moving average of $43.96. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -478.70 and a beta of 1.82. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. Trupanion, Inc. has a 1-year low of $29.70 and a 1-year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $341.98 million for the quarter, compared to analysts' expectations of $337.81 million. Trupanion had a negative return on equity of 1.33% and a negative net margin of 0.32%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) EPS. As a group, research analysts predict that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Trupanion Company 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.