LPL Financial LLC acquired a new stake in Trupanion, Inc. (NASDAQ:TRUP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,318 shares of the financial services provider’s stock, valued at approximately $277,000.
Several other large investors have also recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in Trupanion in the 4th quarter worth about $39,000. Berman Capital Advisors LLC acquired a new stake in shares of Trupanion in the fourth quarter worth approximately $43,000. Strs Ohio acquired a new stake in shares of Trupanion in the third quarter worth approximately $55,000. Captrust Financial Advisors purchased a new stake in Trupanion in the third quarter valued at approximately $84,000. Finally, SG Americas Securities LLC acquired a new position in Trupanion during the fourth quarter worth approximately $144,000. 89.43% of the stock is owned by institutional investors and hedge funds.
In other Trupanion news, insider Gavin Friedman sold 400 shares of the business’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $77.69, for a total value of $31,076.00. Following the transaction, the insider now owns 941 shares in the company, valued at approximately $73,106.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 26th. The shares were sold at an average price of $120.27, for a total transaction of $481,080.00. The disclosure for this sale can be found here. Insiders sold 146,102 shares of company stock valued at $14,495,805 in the last ninety days. 13.61% of the stock is owned by corporate insiders.
Trupanion (NASDAQ:TRUP) last posted its earnings results on Wednesday, February 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The company had revenue of $142.70 million during the quarter, compared to analyst estimates of $139.24 million. Trupanion had a negative net margin of 0.37% and a negative return on equity of 1.22%. Trupanion’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities analysts anticipate that Trupanion, Inc. will post -0.09 EPS for the current year.
TRUP has been the subject of several research reports. Evercore ISI initiated coverage on shares of Trupanion in a research note on Tuesday, April 13th. They set an “outperform” rating and a $100.00 price objective for the company. Zacks Investment Research upgraded Trupanion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 14th. Lake Street Capital raised their price objective on Trupanion from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Finally, Canaccord Genuity boosted their target price on Trupanion from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $86.57.
Trupanion Company Profile
Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc changed its name to Trupanion, Inc in 2013.
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