Principal Financial Group Inc. decreased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 232,802 shares of the financial services provider’s stock after selling 3,778 shares during the quarter. Principal Financial Group Inc.’s holdings in Trupanion were worth $27,868,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. bought a new position in Trupanion during the third quarter worth about $1,462,000. Guggenheim Capital LLC bought a new position in Trupanion during the fourth quarter worth about $1,375,000. Texas Permanent School Fund lifted its stake in Trupanion by 13.0% during the fourth quarter. Texas Permanent School Fund now owns 25,558 shares of the financial services provider’s stock worth $3,060,000 after purchasing an additional 2,950 shares during the period. Teacher Retirement System of Texas bought a new position in Trupanion during the fourth quarter worth about $322,000. Finally, Comerica Bank increased its holdings in shares of Trupanion by 1.3% during the fourth quarter. Comerica Bank now owns 34,327 shares of the financial services provider’s stock worth $4,052,000 after buying an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.
In other Trupanion news, CEO Darryl Rawlings sold 97,118 shares of the firm’s stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $100.66, for a total value of $9,775,897.88. Following the transaction, the chief executive officer now directly owns 453,146 shares of the company’s stock, valued at $45,613,676.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Asher Bearman sold 7,815 shares of the firm’s stock in a transaction that occurred on Thursday, February 25th. The shares were sold at an average price of $96.51, for a total transaction of $754,225.65. Following the completion of the transaction, the insider now directly owns 3,088 shares in the company, valued at $298,022.88. The disclosure for this sale can be found here. In the last three months, insiders sold 146,062 shares of company stock valued at $14,745,514. 13.61% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on TRUP shares. Lake Street Capital raised their price objective on shares of Trupanion from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Evercore ISI started coverage on shares of Trupanion in a report on Monday. They set an “outperform” rating and a $100.00 price objective for the company. Zacks Investment Research lowered shares of Trupanion from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 16th. Finally, Canaccord Genuity raised their price objective on shares of Trupanion from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $86.57.
Shares of Trupanion stock opened at $72.00 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $2.84 billion, a P/E ratio of -1,799.55 and a beta of 2.01. The firm has a 50 day simple moving average of $88.16 and a 200 day simple moving average of $96.90. Trupanion, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $126.53.
Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, February 10th. The financial services provider reported ($0.09) earnings per share 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%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. On average, sell-side analysts expect that Trupanion, Inc. will post -0.09 EPS for the current year.
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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