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State Street Corp Lowers Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

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State Street Corp decreased its stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,317,823 shares of the financial services provider's stock after selling 73,780 shares during the quarter. State Street Corp owned about 3.11% of Trupanion worth $55,322,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake in 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. GAMMA Investing LLC boosted its position in shares of Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider's stock valued at $61,000 after buying an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Trupanion by 7.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider's stock worth $414,000 after buying an additional 671 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Trupanion by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider's stock valued at $1,108,000 after acquiring an additional 685 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Trupanion during the 3rd quarter valued at about $37,000.

Trupanion Stock Performance

NASDAQ TRUP traded down $0.22 on Thursday, reaching $49.57. 338,773 shares of the stock were exchanged, compared to its average volume of 666,228. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. Trupanion, Inc. has a one year low of $19.69 and a one year high of $57.90. The firm has a market capitalization of $2.10 billion, a PE ratio of -154.91 and a beta of 1.60. The company's 50-day simple moving average is $52.83 and its two-hundred day simple moving average is $42.48.

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 the consensus estimate of ($0.06) by $0.09. The firm had revenue of $327.50 million for 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 company's revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. Analysts expect that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity

In other news, Director Murray B. Low sold 2,000 shares of the stock in a transaction that occurred 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 approximately $6,926,789.71. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 622 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock worth $1,512,482 over the last ninety days. Corporate insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

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

View Our Latest Report on Trupanion

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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