BlackRock Inc. purchased a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,441,008 shares of the financial services provider's stock, valued at approximately $134,774,000. BlackRock Inc. owned approximately 12.47% of Trupanion as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Kelleher Financial Advisors purchased a new position in Trupanion in the second quarter valued at $42,000. Kemnay Advisory Services Inc. acquired a new stake in Trupanion in the 4th quarter valued at about $64,000. Parallel Advisors LLC boosted its stake in shares of Trupanion by 1,831.9% in the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,722 shares during the period. Advisory Services Network LLC purchased a new position in shares of Trupanion in the 3rd quarter valued at about $160,000. Finally, Tidal Investments LLC acquired a new position in shares of Trupanion during the second quarter worth about $212,000.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TRUP shares. Stifel Nicolaus lifted their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 20th. Piper Sandler lowered Trupanion from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $45.00 to $32.00 in a report on Wednesday. Weiss Ratings upgraded Trupanion from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday. Zacks Research downgraded Trupanion from a "strong-buy" rating to a "hold" rating in a report on Monday, August 24th. Finally, Atlantic Securities set a $42.00 price objective on Trupanion in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Trupanion currently has a consensus rating of "Hold" and a consensus target price of $39.20.
Read Our Latest Research Report on TRUP
Trupanion Stock Down 0.1%
Shares of NASDAQ:TRUP opened at $29.62 on Friday. Trupanion, Inc. has a fifty-two week low of $21.16 and a fifty-two week high of $46.98. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm's 50-day simple moving average is $27.00 and its 200-day simple moving average is $26.00. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 55.89, a PEG ratio of 2.00 and a beta of 1.39.
Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. The business had revenue of $392.93 million for the quarter, compared to analysts' expectations of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities research analysts predict that Trupanion, Inc. will post 0.63 earnings per share for the current year.
Insider Transactions at Trupanion
In other Trupanion news, CFO Fawwad Qureshi sold 6,111 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $30.01, for a total transaction of $183,391.11. Following the completion of the transaction, the chief financial officer owned 4,230 shares of the company's stock, valued at approximately $126,942.30. This trade represents a 59.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Margaret Tooth sold 978 shares of Trupanion stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total value of $28,410.90. Following the sale, the chief executive officer owned 175,401 shares of the company's stock, valued at approximately $5,095,399.05. This represents a 0.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,116 shares of company stock valued at $395,999 in the last ninety days. Corporate insiders own 5.58% of the company's stock.
About Trupanion
(
Free Report)
Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company's core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.
Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.
See Also
Want to see what other hedge funds are holding TRUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trupanion, Inc. (NASDAQ:TRUP - Free Report).
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