Trupanion, Inc. (NASDAQ:TRUP) Stock Holdings Trimmed by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,200,439 shares of the financial services provider's stock after selling 1,193,440 shares during the quarter. Wellington Management Group LLP owned approximately 5.18% of Trupanion worth $106,061,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TRUP. SBI Securities Co. Ltd. purchased a new position in Trupanion during the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after acquiring an additional 238 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Trupanion during the 3rd quarter worth about $54,000. KBC Group NV acquired a new stake in shares of Trupanion in the fourth quarter worth approximately $75,000. Finally, R Squared Ltd purchased a new stake in Trupanion in the fourth quarter valued at approximately $79,000.

Analysts Set New Price Targets

TRUP has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trupanion has an average rating of "Moderate Buy" and a consensus target price of $46.60.

Remove Ads

Insider Activity

In other Trupanion news, CFO Fawwad Qureshi sold 1,373 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total transaction of $46,984.06. Following the completion of the sale, the chief financial officer now owns 2,416 shares in the company, valued at $82,675.52. This trade represents a 36.24 % 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, CEO Margaret Tooth sold 2,294 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $31.39, for a total value of $72,008.66. Following the completion of the transaction, the chief executive officer now directly owns 118,784 shares in the company, valued at approximately $3,728,629.76. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,792 shares of company stock worth $989,442 over the last ninety days. Corporate insiders own 5.50% of the company's stock.

Trupanion Stock Up 1.9 %

NASDAQ:TRUP traded up $0.66 during trading hours on Tuesday, hitting $35.11. The stock had a trading volume of 180,294 shares, compared to its average volume of 648,709. The company has a market cap of $1.49 billion, a PE ratio of -152.65, a price-to-earnings-growth ratio of 6.02 and a beta of 1.66. The business has a 50 day simple moving average of $39.33 and a two-hundred day simple moving average of $46.14. Trupanion, Inc. has a 1-year low of $19.69 and a 1-year high of $57.90. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The firm had revenue of $337.31 million during the quarter, compared to analysts' expectations of $335.41 million. Analysts predict that Trupanion, Inc. will post 0.13 EPS for the current year.

Trupanion Company 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.