Trupanion, Inc. $TRUP Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 183.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 237,125 shares of the financial services provider’s stock after buying an additional 153,530 shares during the period. Tudor Investment Corp ET AL owned 0.55% of Trupanion worth $10,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRUP. Federated Hermes Inc. acquired a new position in Trupanion in the third quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Trupanion during the third quarter valued at about $39,000. Kelleher Financial Advisors acquired a new stake in Trupanion during the third quarter worth about $74,000. PNC Financial Services Group Inc. increased its stake in Trupanion by 21.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 478 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Trupanion by 16.5% in the 3rd quarter. AlphaQuest LLC now owns 3,444 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 487 shares during the period.

Insider Transactions at Trupanion

In other news, CFO Fawwad Qureshi sold 4,645 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $25.61, for a total value of $118,958.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Emily Dreyer sold 7,792 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.15, for a total transaction of $219,344.80. Following the sale, the executive directly owned 35,627 shares of the company’s stock, valued at approximately $1,002,900.05. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,502 shares of company stock valued at $580,315. Corporate insiders own 5.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRUP shares. Weiss Ratings cut Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Stifel Nicolaus cut their price target on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Piper Sandler reduced their price target on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald decreased their price objective on shares of Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Zacks Research lowered shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.50.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $25.65 on Monday. Trupanion, Inc. has a 1-year low of $24.32 and a 1-year high of $57.88. The business has a 50-day moving average of $28.18 and a 200-day moving average of $35.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 57.00 and a beta of 1.66.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $376.85 million for the quarter, compared to analysts’ expectations of $375.89 million. Trupanion had a net margin of 1.35% and a return on equity of 5.39%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, equities analysts anticipate that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Trupanion Company Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.