20,360 Shares in Trupanion, Inc. (NASDAQ:TRUP) Bought by Weiss Asset Management LP

Weiss Asset Management LP acquired a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,360 shares of the financial services provider's stock, valued at approximately $855,000.

A number of other hedge funds have also modified their holdings of TRUP. FMR LLC grew its stake in Trupanion by 55,963.7% in the third 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 in the last quarter. Marshall Wace LLP grew its stake 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 purchasing an additional 116,496 shares in the last quarter. Renaissance Technologies LLC bought a new position in Trupanion in the second quarter valued at approximately $4,739,000. Dimensional Fund Advisors LP grew its stake in Trupanion by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider's stock valued at $4,052,000 after purchasing an additional 26,941 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Trupanion by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 124,548 shares of the financial services provider's stock worth $5,229,000 after acquiring an additional 8,781 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on TRUP. Northland Securities lifted their target price on Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on Trupanion from $30.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. Piper Sandler lifted their price target on Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Bank of America lifted their price target on Trupanion from $47.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.67.

Insider Buying and Selling at Trupanion

In other news, 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 transaction, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction on Tuesday, November 26th. The shares were 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 approximately $519,102.87. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,405 shares of company stock valued at $1,512,482 in the last three months. Corporate insiders own 5.50% of the company's stock.

Trupanion Trading Up 4.8 %

NASDAQ TRUP traded up $2.55 during midday trading on Monday, hitting $56.01. The company had a trading volume of 619,463 shares, compared to its average volume of 673,349. 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 firm has a 50-day moving average price of $51.08 and a 200-day moving average price of $41.19. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to analysts' expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. On average, analysts expect that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

About Trupanion

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.