Trupanion, Inc. (NASDAQ:TRUP) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 60.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,106 shares of the financial services provider's stock after selling 10,836 shares during the quarter. Benjamin Edwards Inc.'s holdings in Trupanion were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TRUP. Price T Rowe Associates Inc. MD boosted its stake in shares of Trupanion by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider's stock worth $313,000 after buying an additional 1,441 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Trupanion by 160.2% during the 2nd quarter. SG Americas Securities LLC now owns 71,012 shares of the financial services provider's stock valued at $2,088,000 after purchasing an additional 43,720 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider's stock valued at $535,000 after purchasing an additional 500 shares during the last quarter. Liontrust Investment Partners LLP lifted its stake in shares of Trupanion by 55.9% in the 2nd quarter. Liontrust Investment Partners LLP now owns 44,900 shares of the financial services provider's stock worth $1,320,000 after purchasing an additional 16,100 shares during the period. Finally, Hosking Partners LLP bought a new stake in shares of Trupanion during the 2nd quarter valued at $3,523,000.

Insider Buying and Selling

In related news, CFO Fawwad Qureshi sold 9,867 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total transaction of $523,740.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Emily Dreyer sold 3,100 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the transaction, the senior vice president now directly owns 24,708 shares of the company's stock, 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. Insiders sold 28,405 shares of company stock worth $1,512,482 in the last three months. Corporate insiders own 5.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. 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 report on Thursday, October 31st. Bank of America lifted their price objective on Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Stifel Nicolaus increased their target price on shares of Trupanion from $30.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Finally, Piper Sandler lifted their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three 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 company's stock. According to data from MarketBeat, Trupanion has a consensus rating of "Moderate Buy" and an average price target of $44.67.

Trupanion Stock Down 3.6 %

Trupanion stock traded down $2.02 during midday trading on Tuesday, hitting $53.99. 791,558 shares of the company's stock were exchanged, compared to its average volume of 673,846. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $2.29 billion, a PE ratio of -168.72 and a beta of 1.61. The firm has a 50-day moving average of $51.36 and a two-hundred day moving average of $41.39. Trupanion, Inc. has a 12 month low of $19.69 and a 12 month high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping 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 firm had revenue of $327.50 million during the quarter, compared to analysts' expectations of $321.79 million. During the same period in the prior year, the business posted ($0.10) EPS. The firm's quarterly revenue was up 14.6% on a year-over-year basis. As a group, analysts expect that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Trupanion 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.