Tokio Marine Asset Management Co. Ltd. Sells 2,400 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Tokio Marine Asset Management Co. Ltd. lessened its stake in Trupanion, Inc. (NASDAQ:TRUP) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,400 shares of the financial services provider’s stock after selling 2,400 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trupanion were worth $563,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its holdings in Trupanion by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 561 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Trupanion by 12.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,726 shares of the financial services provider’s stock worth $351,000 after buying an additional 1,420 shares in the last quarter. Vanguard Group Inc. raised its position in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after buying an additional 32,485 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Trupanion by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after acquiring an additional 830 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Trupanion by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 1,441 shares during the last quarter.

Trupanion Trading Up 1.0 %

Trupanion stock opened at $52.76 on Friday. The stock has a 50-day simple moving average of $48.23 and a 200 day simple moving average of $38.22. The stock has a market capitalization of $2.23 billion, a P/E ratio of -164.88 and a beta of 1.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. During the same period in the previous year, the company posted ($0.10) EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts expect that Trupanion, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,124 shares of company stock valued at $482,981 over the last ninety days. 5.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TRUP shares. Bank of America lifted their price objective on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Stifel Nicolaus lifted their price target on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Evercore ISI upgraded shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Piper Sandler lifted their target price on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Northland Securities increased their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.