Clearbridge Investments LLC Cuts Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Clearbridge Investments LLC decreased its position in Trupanion, Inc. (NASDAQ:TRUP) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,611 shares of the financial services provider’s stock after selling 20,643 shares during the quarter. Clearbridge Investments LLC owned approximately 0.76% of Trupanion worth $15,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Trupanion by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider’s stock worth $173,362,000 after purchasing an additional 45,653 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Trupanion by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after buying an additional 142,156 shares during the last quarter. FMR LLC grew its holdings in shares of 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 acquiring an additional 1,170,202 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Trupanion by 26.6% during the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock valued at $33,806,000 after acquiring an additional 147,341 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in Trupanion by 27.8% during the third quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock worth $15,443,000 after acquiring an additional 80,014 shares during the period.

Wall Street Analysts Forecast Growth

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

Insider Activity at Trupanion

In other news, SVP Emily Dreyer sold 14,025 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the transaction, the senior vice president now directly owns 27,645 shares of the company’s stock, valued at $895,974.45. This trade represents a 33.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brenna Mcgibney sold 5,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.99, for a total value of $164,950.00. Following the sale, the insider now owns 3,738 shares in the company, valued at approximately $123,316.62. The trade was a 57.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,984 shares of company stock worth $999,042. Corporate insiders own 5.50% of the company’s stock.

Trupanion Stock Up 0.7 %

TRUP stock opened at $37.26 on Thursday. The stock has a fifty day moving average of $40.20 and a 200-day moving average of $46.36. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -162.00, a PEG ratio of 6.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71.

Trupanion (NASDAQ:TRUP) last posted 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 return on equity of 3.08% and a negative net margin of 0.75%. The business had revenue of $337.31 million during the quarter, compared to analysts’ expectations of $335.41 million. As a group, equities research analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current year.

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.