Trupanion, Inc. (NASDAQ:TRUP) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,393,879 shares of the financial services provider's stock after buying an additional 142,156 shares during the period. Wellington Management Group LLP owned 8.02% of Trupanion worth $142,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Trupanion during the second quarter worth approximately $4,739,000. FMR LLC lifted its position in shares of Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider's stock worth $49,213,000 after buying an additional 1,170,202 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Trupanion by 11.9% in the 2nd 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. Connors Investor Services Inc. boosted its holdings in shares of Trupanion by 31.3% in the 2nd quarter. Connors Investor Services Inc. now owns 113,567 shares of the financial services provider's stock valued at $3,339,000 after buying an additional 27,042 shares in the last quarter. Finally, Dalton Investments Inc. purchased a new position in shares of Trupanion in the 2nd quarter valued at $1,029,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRUP. Northland Securities boosted their price target 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. Piper Sandler lifted their target price on Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Bank of America upped their target price on Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus lifted their price target 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trupanion currently has an average rating of "Moderate Buy" and an average target price of $44.67.

Trupanion Stock Performance

Shares of NASDAQ:TRUP traded down $2.02 during trading on Tuesday, reaching $53.99. The company had a trading volume of 791,558 shares, compared to its average volume of 673,846. 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's fifty day moving average price is $51.36 and its 200 day moving average price is $41.39. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -168.72 and a beta of 1.61.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to analysts' expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business's revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. As a group, equities research analysts predict that Trupanion, Inc. will post -0.23 EPS for the current year.

Insider Transactions at Trupanion

In other news, EVP Steve Weinrauch sold 11,916 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the transaction, the executive vice president now owns 48,978 shares in the company, valued at $2,595,834. This trade represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the sale, the chief financial officer now directly owns 9,867 shares in the company, valued at approximately $519,102.87. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,405 shares of company stock valued at $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.