BNP Paribas Arbitrage SA Acquires 1,220 Shares of Trupanion, Inc. (NASDAQ:TRUP)

BNP Paribas Arbitrage SA boosted its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 19.2% in the first quarter, HoldingsChannel reports. The firm owned 7,584 shares of the financial services provider’s stock after purchasing an additional 1,220 shares during the period. BNP Paribas Arbitrage SA’s holdings in Trupanion were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Swiss National Bank increased its holdings in Trupanion by 1.9% in the first quarter. Swiss National Bank now owns 69,110 shares of the financial services provider’s stock worth $5,267,000 after purchasing an additional 1,300 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Trupanion in the first quarter worth approximately $938,000. Rhumbline Advisers increased its holdings in Trupanion by 1.6% in the first quarter. Rhumbline Advisers now owns 88,118 shares of the financial services provider’s stock worth $6,715,000 after purchasing an additional 1,355 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Trupanion by 8.5% during the first quarter. Alliancebernstein L.P. now owns 1,156,516 shares of the financial services provider’s stock valued at $88,138,000 after acquiring an additional 90,686 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of Trupanion during the first quarter valued at approximately $590,000. Institutional investors and hedge funds own 78.90% of the company’s stock.

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $91.92, for a total value of $367,680.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gavin Friedman sold 400 shares of the business’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $77.69, for a total value of $31,076.00. Following the completion of the transaction, the insider now directly owns 941 shares in the company, valued at approximately $73,106.29. The disclosure for this sale can be found here. In the last three months, insiders sold 25,909 shares of company stock worth $2,124,538. Insiders own 6.77% of the company’s stock.

Shares of NASDAQ:TRUP opened at $93.92 on Friday. The stock has a market capitalization of $3.76 billion, a PE ratio of -218.41 and a beta of 1.92. Trupanion, Inc. has a 12-month low of $30.78 and a 12-month high of $126.53. The firm’s 50 day moving average is $81.51.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, April 29th. The financial services provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.23). Trupanion had a negative return on equity of 7.13% and a negative net margin of 3.15%. The business had revenue of $154.69 million during the quarter, compared to analysts’ expectations of $151.79 million. As a group, equities analysts predict that Trupanion, Inc. will post -0.75 EPS for the current year.

TRUP has been the subject of several recent research reports. Evercore ISI initiated coverage on Trupanion in a report on Monday, April 5th. They set an “outperform” rating and a $100.00 price objective for the company. Zacks Investment Research downgraded Trupanion from a “hold” rating to a “strong sell” rating in a report on Saturday, May 1st. Lake Street Capital boosted their price objective on Trupanion from $85.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Canaccord Genuity boosted their price objective on Trupanion from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Finally, TheStreet downgraded Trupanion from a “c-” rating to a “d+” rating in a report on Thursday, May 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $86.57.

Trupanion Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc changed its name to Trupanion, Inc in 2013.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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