Geode Capital Management LLC Has $33.01 Million Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Geode Capital Management LLC reduced its position in shares of Trupanion, Inc. (NASDAQ:TRUP) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 786,048 shares of the financial services provider’s stock after selling 5,446 shares during the quarter. Geode Capital Management LLC’s holdings in Trupanion were worth $33,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Trupanion by 259.2% during the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider’s stock worth $2,750,000 after buying an additional 47,262 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in Trupanion by 27.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock worth $15,443,000 after acquiring an additional 80,014 shares during the period. Wellington Management Group LLP lifted its stake in shares of Trupanion by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock valued at $142,475,000 after purchasing an additional 142,156 shares during the period. Weiss Asset Management LP bought a new position in shares of Trupanion in the 3rd quarter worth $855,000. Finally, Centiva Capital LP acquired a new stake in shares of Trupanion during the third quarter worth $595,000.

Analysts Set New Price Targets

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

Trupanion Stock Up 2.5 %

TRUP stock opened at $51.00 on Thursday. 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 has a market capitalization of $2.16 billion, a P/E ratio of -159.38 and a beta of 1.61. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The business has a 50-day moving average of $52.91 and a 200-day moving average of $43.19.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Activity at Trupanion

In other news, SVP Emily Dreyer sold 3,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the transaction, the senior vice president now owns 24,708 shares in the company, valued at $1,355,233.80. This trade represents a 11.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steve Weinrauch sold 11,916 shares of Trupanion stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the sale, the executive vice president now directly owns 48,978 shares in the company, valued at approximately $2,595,834. This represents a 19.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,405 shares of company stock valued at $1,512,482. Corporate insiders own 5.50% of the company’s stock.

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.