Rhumbline Advisers Reduces Stock Position in Trupanion, Inc. (NASDAQ:TRUP)

Rhumbline Advisers lowered its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,622 shares of the financial services provider’s stock after selling 3,333 shares during the quarter. Rhumbline Advisers owned 0.21% of Trupanion worth $4,368,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fernwood Investment Management LLC lifted its stake in shares of Trupanion by 33.3% during the 3rd quarter. Fernwood Investment Management LLC now owns 20,000 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 5,000 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of Trupanion in the third quarter worth about $538,000. Sigma Planning Corp purchased a new position in Trupanion during the third quarter worth approximately $336,000. Entropy Technologies LP purchased a new position in Trupanion during the third quarter worth approximately $202,000. Finally, GSA Capital Partners LLP lifted its position in shares of Trupanion by 51.3% in the third quarter. GSA Capital Partners LLP now owns 10,487 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 3,554 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus cut their price target on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Piper Sandler dropped their price objective on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Insider Buying and Selling

In other news, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now owns 2,416 shares of the company’s stock, valued at $82,675.52. This represents a 36.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Trupanion Price Performance

TRUP stock opened at $34.54 on Friday. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. The stock’s 50 day moving average price is $45.87 and its 200 day moving average price is $47.79. The firm has a market cap of $1.46 billion, a P/E ratio of -150.17, a PEG ratio of 6.02 and a beta of 1.60.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $337.31 million for the quarter, compared to analysts’ expectations of $335.41 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. On average, sell-side analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

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.