Trupanion, Inc. $TRUP Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has decreased its stake in Trupanion, Inc. by 1.6%, now holding 362,267 shares valued at approximately $13.5 million.
• Analysts show a positive outlook for Trupanion, with Piper Sandler raising its price target from $62 to $67 and assigning an "overweight" rating.
• In recent insider transactions, Trupanion's CFO sold 2,800 shares at an average price of $45.56, reducing their ownership by 30.27% to 6,451 shares.

Northern Trust Corp lessened its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 362,267 shares of the financial services provider's stock after selling 5,969 shares during the period. Northern Trust Corp owned approximately 0.85% of Trupanion worth $13,502,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Hosking Partners LLP lifted its stake in shares of Trupanion by 86.9% in the 1st quarter. Hosking Partners LLP now owns 397,656 shares of the financial services provider's stock worth $14,821,000 after acquiring an additional 184,936 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Trupanion by 170.7% in the 4th quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider's stock worth $16,248,000 after acquiring an additional 212,545 shares during the period. Kopion Asset Management LLC lifted its stake in shares of Trupanion by 18.7% in the 1st quarter. Kopion Asset Management LLC now owns 281,072 shares of the financial services provider's stock worth $10,476,000 after acquiring an additional 44,285 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Trupanion by 112.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock worth $13,204,000 after acquiring an additional 144,828 shares during the period. Finally, Palisade Capital Management LP lifted its stake in shares of Trupanion by 36.7% in the 1st quarter. Palisade Capital Management LP now owns 244,354 shares of the financial services provider's stock worth $9,107,000 after acquiring an additional 65,653 shares during the period.

Insider Transactions at Trupanion

In other news, CFO Fawwad Qureshi sold 2,800 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total value of $127,568.00. Following the completion of the transaction, the chief financial officer owned 6,451 shares of the company's stock, valued at $293,907.56. The trade was a 30.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darryl Rawlings sold 30,369 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $44.70, for a total value of $1,357,494.30. Following the completion of the transaction, the director owned 1,413,281 shares of the company's stock, valued at $63,173,660.70. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,800 shares of company stock valued at $2,364,335. 5.42% of the stock is currently owned by company insiders.

Trupanion Price Performance

TRUP traded down $0.56 during midday trading on Friday, reaching $44.09. 355,284 shares of the company's stock were exchanged, compared to its average volume of 523,486. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $1.90 billion, a PE ratio of 169.58 and a beta of 1.72. The business's 50-day moving average price is $48.98 and its 200 day moving average price is $43.93. Trupanion, Inc. has a 1-year low of $31.00 and a 1-year high of $57.90.

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

Analyst Ratings Changes

Several research firms have recently commented on TRUP. Cantor Fitzgerald upgraded shares of Trupanion to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler raised 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. Finally, Stifel Nicolaus raised their price objective on shares of Trupanion from $41.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $54.17.

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.