Verition Fund Management LLC Sells 18,918 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Verition Fund Management LLC decreased its position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 59.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,032 shares of the financial services provider's stock after selling 18,918 shares during the quarter. Verition Fund Management LLC's holdings in Trupanion were worth $547,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TRUP. FMR LLC increased its stake in shares of Trupanion by 55,963.7% in the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider's stock valued at $49,213,000 after purchasing an additional 1,170,202 shares during the last quarter. Marshall Wace LLP boosted its position in Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider's stock valued at $32,181,000 after buying an additional 116,496 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Trupanion during the second quarter worth $4,739,000. Dimensional Fund Advisors LP grew its stake in shares of Trupanion by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider's stock worth $4,052,000 after buying an additional 26,941 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Trupanion by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 124,548 shares of the financial services provider's stock worth $5,229,000 after buying an additional 8,781 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on TRUP. Piper Sandler upped their target price on Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Trupanion from $30.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Bank of America raised their price target on shares of Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Northland Securities boosted their price objective on shares of Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.67.

Trupanion Trading Down 2.4 %

NASDAQ TRUP traded down $1.31 during mid-day trading on Thursday, reaching $53.41. 443,780 shares of the stock were exchanged, compared to its average volume of 671,547. The stock has a market cap of $2.26 billion, a P/E ratio of -166.91 and a beta of 1.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50 day simple moving average of $51.89 and a 200-day simple moving average of $41.65. Trupanion, Inc. has a one year low of $19.69 and a one year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating 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 last year, the firm posted ($0.10) earnings per share. The company's revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts anticipate that Trupanion, Inc. will post -0.23 EPS for the current year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares in the company, valued at $519,102.87. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the sale, the director now owns 131,513 shares in the company, valued at $6,926,789.71. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,405 shares of company stock worth $1,512,482. Corporate insiders own 5.50% of the company's stock.

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.