Trupanion, Inc. (NASDAQ:TRUP) Stock Position Reduced by State Street Corp

State Street Corp decreased its position in Trupanion, Inc. (NASDAQ:TRUP) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,317,823 shares of the financial services provider’s stock after selling 73,780 shares during the quarter. State Street Corp owned 3.11% of Trupanion worth $55,322,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Centiva Capital LP bought a new stake in Trupanion during the third quarter valued at $595,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Trupanion by 7.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock valued at $414,000 after buying an additional 671 shares during the period. FORA Capital LLC bought a new stake in shares of Trupanion during the 3rd quarter valued at about $540,000. Blueshift Asset Management LLC raised its stake in Trupanion by 215.8% during the third quarter. Blueshift Asset Management LLC now owns 37,230 shares of the financial services provider’s stock worth $1,563,000 after acquiring an additional 25,440 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Trupanion by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 124,548 shares of the financial services provider’s stock worth $5,229,000 after acquiring an additional 8,781 shares during the last quarter.

Trupanion Price Performance

Shares of Trupanion stock opened at $49.79 on Thursday. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. 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 stock has a market cap of $2.11 billion, a PE ratio of -155.59 and a beta of 1.60. The company’s 50-day moving average price is $52.83 and its two-hundred day moving average price is $42.48.

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

Analyst Ratings Changes

Several research firms have recently commented on TRUP. Northland Securities upped their target price on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Piper Sandler increased their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Insider Activity

In related news, CFO Fawwad Qureshi sold 622 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares in the company, valued at $519,102.87. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Emily Dreyer sold 900 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the completion of the transaction, the senior vice president now owns 23,808 shares of the company’s stock, valued at $1,298,726.40. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,405 shares of company stock worth $1,512,482. Insiders own 5.50% of the company’s stock.

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.