Trupanion, Inc. (NASDAQ:TRUP) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,776 shares of the financial services provider’s stock after selling 21,393 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of Trupanion worth $6,623,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of 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 period. Headlands Technologies LLC purchased a new stake in shares of Trupanion in the second quarter valued at about $162,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Trupanion in the second quarter valued at $235,000. Handelsbanken Fonder AB acquired a new stake in shares of Trupanion during the 3rd quarter worth about $248,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Trupanion during the first quarter worth $253,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on TRUP shares. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Bank of America raised their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Stifel Nicolaus upped their target price on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Northland Securities lifted their price objective on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Piper Sandler increased their price target on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trupanion presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Trupanion Stock Performance

NASDAQ:TRUP opened at $52.96 on Wednesday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -158.47 and a beta of 1.69. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month 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 company has a 50-day moving average of $48.39 and a 200-day moving average of $38.62.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million during 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 firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. Analysts forecast that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of Trupanion stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murray B. Low sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the transaction, the director now directly owns 131,513 shares in the company, valued at $6,926,789.71. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,124 shares of company stock worth $482,981. 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.