Northern Trust Corp Has $17.75 Million Position in Trupanion, Inc. (NASDAQ:TRUP)

Northern Trust Corp boosted its stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,236 shares of the financial services provider's stock after purchasing an additional 30,549 shares during the quarter. Northern Trust Corp owned approximately 0.87% of Trupanion worth $17,749,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Trupanion during the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its stake in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. Quarry LP acquired a new position in shares of Trupanion during the 4th quarter valued at about $39,000. Aster Capital Management DIFC Ltd increased its stake in shares of Trupanion by 988.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in Trupanion by 58.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock worth $61,000 after purchasing an additional 460 shares in the last quarter.

Analyst Upgrades and Downgrades

TRUP has been the subject of several research analyst reports. Piper Sandler reduced their target price on Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Lake Street Capital cut their target price on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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 report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $51.80.

Trupanion Stock Performance

Shares of TRUP stock traded up $1.34 during trading hours on Friday, reaching $46.77. 725,875 shares of the company's stock were exchanged, compared to its average volume of 614,484. The business has a fifty day moving average price of $37.96 and a 200-day moving average price of $44.34. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.00 billion, a P/E ratio of -203.35, a P/E/G ratio of 6.02 and a beta of 1.72. 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, beating analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $341.98 million for the quarter, compared to analysts' expectations 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 period in the prior year, the business posted ($0.16) earnings per share. Analysts predict that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Trupanion

In related news, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the transaction, the chief executive officer now directly owns 118,784 shares in the company, valued at approximately $4,415,201.28. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the transaction, the chief financial officer now owns 2,416 shares of the company's stock, valued at approximately $82,675.52. The trade was a 36.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,792 shares of company stock valued at $1,122,802. 5.42% of the stock is currently owned by company insiders.

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.