Invesco Ltd. Sells 87,684 Shares of Trupanion, Inc. $TRUP

Key Points

• Invesco Ltd. has reduced its stake in Trupanion, Inc. by 38.7%, selling 87,684 shares and owning approximately 0.32% of the company, valued at $5,179,000.
• Insider selling activity includes Brenna Mcgibney selling 2,390 shares at an average price of $45.17 and CFO Fawwad Qureshi selling 2,800 shares at $45.56, indicating significant decreases in their positions.
• Trupanion reported better-than-expected earnings with an EPS of $0.22, surpassing analysts' estimates, alongside a 12.3% revenue increase year-over-year.

Invesco Ltd. lowered its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,968 shares of the financial services provider's stock after selling 87,684 shares during the period. Invesco Ltd. owned approximately 0.32% of Trupanion worth $5,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Trupanion in the fourth quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its position in shares of Trupanion by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 235 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Trupanion in the fourth quarter valued at approximately $201,000. Eschler Asset Management LLP bought a new stake in shares of Trupanion in the fourth quarter valued at approximately $214,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Trupanion in the fourth quarter valued at approximately $227,000.

Insider Buying and Selling

In other Trupanion news, insider Brenna Mcgibney sold 2,390 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $45.17, for a total value of $107,956.30. Following the completion of the transaction, the insider owned 1,317 shares of the company's stock, valued at $59,488.89. The trade was a 64.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fawwad Qureshi sold 2,800 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total transaction of $127,568.00. Following the completion of the sale, the chief financial officer directly owned 6,451 shares of the company's stock, valued at $293,907.56. This trade represents a 30.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,390 shares of company stock valued at $245,238. Corporate insiders own 5.42% of the company's stock.

Wall Street Analyst Weigh In

TRUP has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Trupanion from $41.00 to $45.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Piper Sandler boosted their price objective on shares of Trupanion from $62.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Cantor Fitzgerald raised shares of Trupanion to a "hold" rating in a research note on Wednesday, August 13th. Finally, Lake Street Capital reduced their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.17.

Trupanion Price Performance

TRUP stock opened at $46.35 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.69. Trupanion, Inc. has a one year low of $31.00 and a one year high of $57.90. The stock has a market cap of $1.99 billion, a PE ratio of 178.28 and a beta of 1.78. The firm has a 50 day simple moving average of $50.47 and a two-hundred day simple moving average of $44.08.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.25. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The business had revenue of $353.56 million during the quarter, compared to analysts' expectations of $346.73 million. During the same quarter in the previous year, the company earned ($0.14) EPS. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Trupanion, Inc. will post 0.13 EPS 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.

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