Verition Fund Management LLC Sells 18,918 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Verition Fund Management LLC reduced its stake in Trupanion, Inc. (NASDAQ:TRUP) by 59.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,032 shares of the financial services provider’s stock after selling 18,918 shares during the period. Verition Fund Management LLC’s holdings in Trupanion were worth $547,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TRUP. Quest Partners LLC purchased a new position in Trupanion during the third quarter valued at approximately $37,000. GAMMA Investing LLC increased its position in shares of Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Trupanion during the second quarter worth approximately $162,000. Entropy Technologies LP purchased a new position in shares of Trupanion in the third quarter worth about $202,000. Finally, Mutual of America Capital Management LLC purchased a new position in Trupanion in the 3rd quarter worth approximately $210,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRUP. Bank of America upped their price objective 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. Northland Securities boosted their price target on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Trading Up 1.4 %

Shares of TRUP stock opened at $54.72 on Thursday. The company has a market cap of $2.32 billion, a PE ratio of -171.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $51.89 and its two-hundred day simple moving average is $41.65. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. Trupanion’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. Research analysts predict that Trupanion, Inc. will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Emily Dreyer sold 3,100 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total value of $170,035.00. Following the sale, the senior vice president now directly owns 24,708 shares of the company’s stock, valued at $1,355,233.80. This represents a 11.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock worth $1,512,482 in the last ninety days. 5.50% of the stock is owned by company insiders.

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.