28,666 Trupanion, Inc. $TRUP Shares Sold by Hosking Partners LLP

Hosking Partners LLP trimmed its position in Trupanion, Inc. (NASDAQ:TRUP) by 9.6% in the 3rd quarter, Holdings Channel reports. The firm owned 270,430 shares of the financial services provider’s stock after selling 28,666 shares during the quarter. Hosking Partners LLP’s holdings in Trupanion were worth $6,317,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of Trupanion in the second quarter worth $42,000. Parallel Advisors LLC raised its position in shares of Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,722 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Trupanion in the second quarter worth $89,000. Fifth Third Bancorp boosted its stake in Trupanion by 2,911.1% during the first quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after buying an additional 7,336 shares during the period. Finally, Arizona State Retirement System boosted its stake in Trupanion by 7.7% during the second quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock valued at $237,000 after buying an additional 688 shares during the period.

Wall Street Analysts Forecast Growth

TRUP has been the subject of several recent analyst reports. Piper Sandler cut Trupanion from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th. Stifel Nicolaus upped their target price on Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Atlantic Securities set a $42.00 price target on Trupanion in a report on Wednesday, July 15th. Cantor Fitzgerald lowered their price target on Trupanion from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.40.

Trupanion Price Performance

TRUP stock opened at $28.50 on Thursday. The firm has a 50 day simple moving average of $26.95 and a two-hundred day simple moving average of $25.61. The stock has a market cap of $1.25 billion, a PE ratio of 54.26, a P/E/G ratio of 1.72 and a beta of 1.44. Trupanion, Inc. has a one year low of $21.16 and a one year high of $46.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The firm had revenue of $392.93 million for the quarter, compared to analysts’ expectations of $389.72 million. During the same quarter last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Trupanion, Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Trupanion news, CEO Margaret Tooth sold 1,000 shares of Trupanion stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $25.84, for a total transaction of $25,840.00. Following the completion of the sale, the chief executive officer owned 184,952 shares of the company’s stock, valued at $4,779,159.68. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Fawwad Qureshi sold 6,111 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $30.01, for a total value of $183,391.11. Following the completion of the transaction, the chief financial officer owned 4,230 shares of the company’s stock, valued at $126,942.30. The trade was a 59.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 14,046 shares of company stock worth $406,002. Corporate insiders own 5.58% of the company’s stock.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance coverage for cats and dogs. Its products are designed to help pet owners manage the cost of veterinary care, including coverage for eligible illnesses, injuries and other qualifying medical conditions, subject to the terms of each policy.

The company offers subscription-based pet insurance through the Trupanion brand, with coverage generally intended for ongoing veterinary expenses rather than routine or preventive care.