Legal & General Group Plc Acquires Shares of 78,246 Trupanion, Inc. $TRUP

Legal & General Group Plc bought a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 78,246 shares of the financial services provider’s stock, valued at approximately $1,938,000. Legal & General Group Plc owned approximately 0.18% of Trupanion at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Trupanion in the second quarter valued at about $134,774,000. Polar Capital Holdings Plc grew its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after acquiring an additional 175,000 shares in the last quarter. State Street Corp grew its holdings in Trupanion by 2.2% during the 4th quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock worth $48,244,000 after acquiring an additional 27,385 shares in the last quarter. Marshall Wace LLP increased its position in shares of Trupanion by 4.5% in the 4th quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock worth $47,358,000 after purchasing an additional 55,111 shares during the last quarter. Finally, Greenlea Lane Capital Management LLC increased its position in shares of Trupanion by 1.6% in the 4th quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock worth $29,017,000 after purchasing an additional 12,395 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research cut shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings raised Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. Piper Sandler cut Trupanion from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $32.00 in a research note on Wednesday, August 26th. Atlantic Securities set a $42.00 target price on Trupanion in a report on Wednesday, July 15th. Finally, Stifel Nicolaus lifted their target price on Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.20.

Insider Buying and Selling at Trupanion

In related news, CFO Fawwad Qureshi sold 6,111 shares of Trupanion stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total transaction of $183,391.11. Following the sale, the chief financial officer directly owned 4,230 shares in the company, valued at $126,942.30. The trade was a 59.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Margaret Tooth sold 978 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total transaction of $28,410.90. Following the completion of the sale, the chief executive officer directly owned 175,401 shares of the company’s stock, valued at $5,095,399.05. The trade was a 0.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,046 shares of company stock valued at $356,210 in the last quarter. Corporate insiders own 5.58% of the company’s stock.

Trupanion Stock Performance

Trupanion stock opened at $27.80 on Monday. Trupanion, Inc. has a 52-week low of $21.16 and a 52-week high of $46.98. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 1.88 and a beta of 1.45. The firm has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $25.87.

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