Charles Schwab Investment Management Inc. Cuts Position in Trupanion, Inc. (NASDAQ:TRUP)

Charles Schwab Investment Management Inc. lowered its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,414 shares of the financial services provider’s stock after selling 6,112 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.71% of Trupanion worth $12,611,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System lifted its holdings in Trupanion by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after buying an additional 500 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the last quarter. WINTON GROUP Ltd grew its stake in Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 685 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Trupanion during the third quarter worth approximately $37,000. Finally, Check Capital Management Inc. CA increased its stake in shares of Trupanion by 2.7% in the third quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 1,100 shares during the last quarter.

Insider Buying and Selling at Trupanion

In other news, CFO Fawwad Qureshi sold 622 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the transaction, the chief financial officer now owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total value of $170,035.00. Following the transaction, the senior vice president now owns 24,708 shares in the company, valued at approximately $1,355,233.80. This trade represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,405 shares of company stock worth $1,512,482. 5.50% of the stock is currently owned by company insiders.

Trupanion Price Performance

NASDAQ TRUP opened at $53.46 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The stock has a market capitalization of $2.26 billion, a P/E ratio of -167.06 and a beta of 1.60. The business’s fifty day moving average is $51.08 and its two-hundred day moving average is $41.19.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business had revenue of $327.50 million for the quarter, compared to the consensus estimate of $321.79 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Trupanion’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRUP shares. Piper Sandler raised their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Northland Securities lifted their target price on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus upped their price target on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.67.

Trupanion Company 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.