Principal Financial Group Inc. Sells 21,393 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Principal Financial Group Inc. lowered its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,776 shares of the financial services provider's stock after selling 21,393 shares during the quarter. Principal Financial Group Inc. owned 0.37% of Trupanion worth $6,623,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Trupanion in the 3rd quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in Trupanion in the third quarter valued at about $54,000. GAMMA Investing LLC grew its stake in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider's stock worth $61,000 after buying an additional 596 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Trupanion during the second quarter worth approximately $162,000. Finally, Entropy Technologies LP bought a new position in shares of Trupanion in the third quarter valued at approximately $202,000.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total value of $523,740.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steve Weinrauch sold 11,916 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $631,548.00. Following the transaction, the executive vice president now owns 48,978 shares in the company, valued at $2,595,834. This represents a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,405 shares of company stock valued at $1,512,482. 5.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TRUP has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Bank of America boosted their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Northland Securities raised their target price on Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Finally, Piper Sandler increased their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.67.

Trupanion Stock Performance

Shares of NASDAQ:TRUP remained flat at $48.20 during trading on Thursday. The stock had a trading volume of 732,538 shares, compared to its average volume of 662,682. The firm has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $44.03. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two 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 firm has a market cap of $2.04 billion, a P/E ratio of -150.63 and a beta of 1.60.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) 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 quarter in the prior year, the company earned ($0.10) EPS. The company's revenue was up 14.6% on a year-over-year basis. On average, analysts predict 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.