VNBTrust National Association lessened its position in shares of Trupanion, Inc. (NASDAQ:TRUP) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,600 shares of the financial services provider’s stock after selling 4,625 shares during the quarter. Trupanion comprises 1.5% of VNBTrust National Association’s investment portfolio, making the stock its 16th biggest holding. VNBTrust National Association owned about 0.30% of Trupanion worth $2,623,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Trupanion by 75.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 37,300 shares of the financial services provider’s stock valued at $835,000 after purchasing an additional 16,000 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Trupanion by 57.9% in the 2nd quarter. Rhumbline Advisers now owns 23,944 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 8,777 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Trupanion by 31.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,800 shares of the financial services provider’s stock valued at $1,674,000 after purchasing an additional 17,809 shares during the last quarter. Royce & Associates LP grew its stake in shares of Trupanion by 190.6% in the 2nd quarter. Royce & Associates LP now owns 52,300 shares of the financial services provider’s stock valued at $1,170,000 after purchasing an additional 34,300 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Trupanion by 21.7% in the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub downgraded Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. CL King assumed coverage on Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.83.
In related news, Director Murray B. Low sold 3,000 shares of Trupanion stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $31.14, for a total transaction of $93,420.00. Following the completion of the transaction, the director now directly owns 197,281 shares of the company’s stock, valued at $6,143,330.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.11, for a total value of $32,110.00. Following the transaction, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at $449,540. The disclosure for this sale can be found here. Insiders sold a total of 22,039 shares of company stock valued at $661,393 over the last three months. Insiders own 31.24% of the company’s stock.
Shares of Trupanion, Inc. (TRUP) opened at $32.16 on Thursday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $950.16, a P/E ratio of -357.33 and a beta of 0.14. Trupanion, Inc. has a 1-year low of $13.71 and a 1-year high of $33.00.
Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $63.12 million during the quarter, compared to analysts’ expectations of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. sell-side analysts anticipate that Trupanion, Inc. will post -0.04 earnings per share for the current fiscal year.
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Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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