Insider Selling: Trupanion (NASDAQ:TRUP) COO Sells 431 Shares of Company Stock

Key Points

• Trupanion COO John Gallagher sold 431 shares at an average price of $29.12, receiving $12,550.72. His remaining direct stake totaled 32,880 shares, representing a 1.29% reduction.
• Trupanion shares traded down 0.2% to $30.13, with a market capitalization of approximately $1.32 billion. The stock has ranged from $21.16 to $46.98 over the past year.
• The company exceeded quarterly expectations, reporting $0.16 in EPS versus a $0.11 estimate and revenue of $392.93 million, up 11.1% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $38.40.

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) COO John Gallagher sold 431 shares of the business's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $29.12, for a total transaction of $12,550.72. Following the sale, the chief operating officer directly owned 32,880 shares of the company's stock, valued at $957,465.60. This represents a 1.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trupanion Stock Down 0.2%

TRUP stock traded down $0.06 during midday trading on Friday, hitting $30.13. The company's stock had a trading volume of 330,648 shares, compared to its average volume of 434,998. The firm has a market capitalization of $1.32 billion, a P/E ratio of 56.85, a PEG ratio of 1.77 and a beta of 1.44. Trupanion, Inc. has a 52-week low of $21.16 and a 52-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 has a 50-day simple moving average of $26.90 and a 200-day simple moving average of $26.72.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%. The firm had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same period in the prior year, the business earned $0.22 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Trupanion, Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Atlantic Securities set a $42.00 target price on Trupanion in a research report on Wednesday, July 15th. Zacks Research lowered Trupanion from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Weiss Ratings raised shares of Trupanion from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, September 29th. Cantor Fitzgerald dropped their price target on Trupanion from $34.00 to $30.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Finally, Stifel Nicolaus increased their price target on Trupanion from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Trupanion has an average rating of "Hold" and an average price target of $38.40.

Institutional Trading of Trupanion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Trupanion in the second quarter worth about $4,631,000. Bank of America Corp DE bought a new stake in shares of Trupanion during the second quarter worth $14,262,000. Renaissancere Holdings Ltd. purchased a new position in shares of Trupanion during the second quarter worth approximately $6,514,510. Legal & General Group Plc purchased a new stake in shares of Trupanion in the 2nd quarter worth $1,938,000. Finally, GSA Capital Partners LLP purchased a new position in Trupanion during the 2nd quarter valued at about $1,394,000.

Trupanion Company Profile

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.

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