Trupanion, Inc. (NASDAQ:TRUP) Holdings Decreased by State Street Corp

State Street Corp trimmed its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 5.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,317,823 shares of the financial services provider’s stock after selling 73,780 shares during the period. State Street Corp’s holdings in Trupanion were worth $55,322,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Trupanion in the third quarter worth approximately $37,000. GAMMA Investing LLC lifted its position in Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after buying an additional 596 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Trupanion during the 3rd quarter valued at $202,000. Mutual of America Capital Management LLC acquired a new stake in shares of Trupanion during the 3rd quarter valued at $210,000. Finally, Headlands Technologies LLC purchased a new position in shares of Trupanion during the 2nd quarter valued at $162,000.

Insiders Place Their Bets

In related news, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. This represents a 19.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Emily Dreyer sold 3,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total transaction of $170,035.00. Following the completion of the sale, the senior vice president now owns 24,708 shares in the company, valued at $1,355,233.80. This represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,405 shares of company stock valued at $1,512,482 in the last quarter. Insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRUP. Northland Securities increased their price objective on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Piper Sandler lifted their price target on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Bank of America lifted their target price on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Stock Performance

Shares of NASDAQ TRUP opened at $49.79 on Thursday. The business’s 50-day simple moving average is $52.83 and its 200-day simple moving average is $42.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -155.59 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

About Trupanion

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.