Clearbridge Investments LLC trimmed its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 323,611 shares of the financial services provider's stock after selling 20,643 shares during the period. Clearbridge Investments LLC owned 0.76% of Trupanion worth $15,598,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA purchased a new stake in shares of Trupanion in the fourth quarter worth about $242,000. New Age Alpha Advisors LLC purchased a new position in Trupanion in the 4th quarter worth approximately $1,819,000. JPMorgan Chase & Co. grew its position in Trupanion by 458.3% in the fourth quarter. JPMorgan Chase & Co. now owns 158,099 shares of the financial services provider's stock valued at $7,620,000 after acquiring an additional 129,782 shares in the last quarter. Vanguard Group Inc. grew its position in Trupanion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock valued at $173,362,000 after acquiring an additional 45,653 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Trupanion during the fourth quarter valued at approximately $371,000.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TRUP shares. Stifel Nicolaus lowered their price target on shares of 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 target price on Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.
View Our Latest Research Report on TRUP
Trupanion Stock Up 0.3 %
Shares of TRUP traded up $0.11 during midday trading on Monday, hitting $34.45. The company had a trading volume of 990,049 shares, compared to its average volume of 650,547. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -149.78, a PEG ratio of 6.02 and a beta of 1.66. The company's 50 day moving average price is $39.33 and its 200 day moving average price is $46.14. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90.
Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The firm had revenue of $337.31 million during the quarter, compared to the consensus estimate of $335.41 million. On average, equities research analysts predict that Trupanion, Inc. will post 0.13 EPS for the current year.
Insider Activity
In related news, insider Brenna Mcgibney sold 5,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.99, for a total transaction of $164,950.00. Following the completion of the sale, the insider now owns 3,738 shares of the company's stock, valued at $123,316.62. This represents a 57.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.41, for a total transaction of $454,550.25. Following the sale, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. This trade represents a 33.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,792 shares of company stock worth $989,442. 5.50% of the stock is currently owned by insiders.
About Trupanion
(
Free Report)
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.
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