Trupanion (NASDAQ:TRUP) Director Sells $1,056,900.00 in Stock

Trupanion, Inc. (NASDAQ:TRUP) Director Howard Rubin sold 30,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $35.23, for a total transaction of $1,056,900.00. Following the completion of the sale, the director owned 203,288 shares of the company’s stock, valued at $7,161,836.24. This represents a 12.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Trupanion Stock Down 0.2%

NASDAQ TRUP traded down $0.06 during trading on Thursday, hitting $34.30. 241,698 shares of the company traded hands, compared to its average volume of 463,336. Trupanion, Inc. has a 12 month low of $21.16 and a 12 month high of $39.61. The business has a fifty day simple moving average of $27.61 and a 200 day simple moving average of $26.73. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.48 billion, a P/E ratio of 56.33, a PEG ratio of 1.59 and a beta of 1.27.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $405.59 million during the quarter, compared to analysts’ expectations of $402.53 million. Trupanion had a return on equity of 6.71% and a net margin of 1.71%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, sell-side analysts predict that Trupanion, Inc. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Trupanion

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Trupanion in the second quarter valued at about $134,774,000. Bank of America Corp DE acquired a new position in shares of Trupanion during the 2nd quarter worth about $14,262,000. Renaissancere Holdings Ltd. acquired a new position in shares of Trupanion during the 2nd quarter worth about $6,514,510. Bank of New York Mellon Corp acquired a new position in shares of Trupanion during the 2nd quarter worth about $4,631,000. Finally, Kopion Asset Management LLC boosted its stake in Trupanion by 30.9% during the 2nd quarter. Kopion Asset Management LLC now owns 522,999 shares of the financial services provider’s stock valued at $12,955,000 after purchasing an additional 123,308 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler downgraded Trupanion from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $32.00 in a research note on Wednesday, August 26th. Atlantic Securities set a $42.00 target price on Trupanion in a research report on Wednesday, July 15th. Weiss Ratings upgraded Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Trupanion currently has an average rating of “Hold” and an average price target of $40.00.

Trupanion Company Profile

Trupanion provides medical insurance for cats and dogs, offering coverage for eligible veterinary care. Its products are designed to help pet owners manage unexpected costs from illnesses and injuries, subject to policy terms and exclusions. The company also provides software and payment services that enable participating veterinary practices to submit claims and receive payments directly, reducing the need for customers to pay covered costs upfront and seek reimbursement. Founded in 2000 and headquartered in Seattle, Trupanion serves customers in the United States and Canada.