The Manufacturers Life Insurance Company Has $658,000 Stock Position in Trupanion, Inc. (NASDAQ:TRUP)

The Manufacturers Life Insurance Company reduced its position in Trupanion, Inc. (NASDAQ:TRUP) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,675 shares of the financial services provider’s stock after selling 215 shares during the period. The Manufacturers Life Insurance Company’s holdings in Trupanion were worth $658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Trupanion in the 2nd quarter valued at $4,739,000. Marshall Wace LLP increased its stake in shares of Trupanion by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares during the period. Connors Investor Services Inc. increased its stake in shares of Trupanion by 31.3% in the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 27,042 shares during the period. Dalton Investments Inc. bought a new position in shares of Trupanion in the 2nd quarter worth $1,029,000. Finally, OmniStar Financial Group Inc. bought a new position in shares of Trupanion in the 3rd quarter worth $535,000.

Trupanion Stock Performance

TRUP stock opened at $52.73 on Friday. The business’s 50-day moving average price is $52.13 and its two-hundred day moving average price is $41.74. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.23 billion, a PE ratio of -163.38 and a beta of 1.60. Trupanion, Inc. has a 1-year low of $19.69 and a 1-year high of $57.90.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Trupanion

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the sale, the senior vice president now owns 24,708 shares of the company’s stock, valued at $1,355,233.80. This trade represents a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steve Weinrauch sold 11,916 shares of Trupanion stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the sale, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. This represents a 19.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock valued at $1,512,482 in the last 90 days. 5.50% 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.