Bank of America Corp DE Has $42.68 Million Position in Trupanion, Inc. (NASDAQ:TRUP)

Bank of America Corp DE cut its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 885,392 shares of the financial services provider's stock after selling 165,910 shares during the quarter. Bank of America Corp DE owned about 2.09% of Trupanion worth $42,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Amundi lifted its holdings in shares of Trupanion by 193.2% in the fourth quarter. Amundi now owns 16,828 shares of the financial services provider's stock valued at $784,000 after purchasing an additional 11,088 shares in the last quarter. Barclays PLC lifted its holdings in shares of Trupanion by 259.2% in the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider's stock valued at $2,750,000 after purchasing an additional 47,262 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Trupanion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock valued at $173,362,000 after purchasing an additional 45,653 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Trupanion in the fourth quarter valued at about $845,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Trupanion by 112.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock valued at $13,204,000 after purchasing an additional 144,828 shares in the last quarter.

Analysts Set New Price Targets

TRUP has been the topic of a number of research reports. Lake Street Capital cut their price target on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Piper Sandler decreased their price target on Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $51.80.

Insiders Place Their Bets

In other news, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.41, for a total transaction of $454,550.25. Following the transaction, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. This trade represents a 33.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the sale, the chief financial officer now directly owns 2,416 shares in the company, valued at $82,675.52. This represents a 36.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,792 shares of company stock valued at $1,122,802 over the last 90 days. 5.42% of the stock is currently owned by insiders.

Trupanion Stock Performance

NASDAQ TRUP traded down $0.79 during trading on Tuesday, reaching $45.36. 47,096 shares of the company's stock were exchanged, compared to its average volume of 611,647. The business has a 50 day moving average price of $38.21 and a 200-day moving average price of $44.13. The stock has a market capitalization of $1.94 billion, a P/E ratio of -198.24, a PEG ratio of 6.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. Trupanion, Inc. has a fifty-two week low of $25.90 and a fifty-two week high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $341.98 million for the quarter, compared to the consensus estimate of $337.81 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The business's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. Sell-side analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

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.