Trupanion, Inc. $TRUP Shares Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc raised its position in Trupanion, Inc. (NASDAQ:TRUP) by 13.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,475,000 shares of the financial services provider’s stock after purchasing an additional 175,000 shares during the period. Polar Capital Holdings Plc’s holdings in Trupanion were worth $55,121,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of 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 stake 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 valued at $47,358,000 after purchasing an additional 55,111 shares in the last quarter. Millennium Management LLC raised its holdings in Trupanion by 185.8% in the 3rd quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider’s stock worth $26,790,000 after purchasing an additional 402,421 shares during the period. Dimensional Fund Advisors LP boosted its position in Trupanion by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 607,022 shares of the financial services provider’s stock worth $22,686,000 after purchasing an additional 66,069 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Trupanion by 116.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider’s stock worth $17,826,000 after purchasing an additional 256,559 shares in the last quarter.

Wall Street Analysts Forecast Growth

TRUP has been the topic of several research analyst reports. Cantor Fitzgerald dropped their price objective on Trupanion from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Stifel Nicolaus decreased their target price on Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Bank of America dropped their price target on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Trupanion has a consensus rating of “Hold” and an average target price of $42.25.

Trupanion Price Performance

NASDAQ:TRUP opened at $24.44 on Wednesday. Trupanion, Inc. has a 12 month low of $21.16 and a 12 month high of $57.88. The stock has a 50 day moving average of $24.20 and a two-hundred day moving average of $29.09. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.07 billion, a P/E ratio of 41.42 and a beta of 1.45.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $384.05 million for the quarter, compared to the consensus estimate of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. On average, analysts expect that Trupanion, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Trupanion

In other news, EVP Steve Weinrauch sold 6,674 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the completion of the sale, the executive vice president owned 78,062 shares of the company’s stock, valued at $1,717,364. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John R. Gallagher sold 3,603 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.69, for a total transaction of $78,149.07. Following the completion of the sale, the chief operating officer owned 33,065 shares of the company’s stock, valued at $717,179.85. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,806 shares of company stock valued at $395,508. 5.58% of the stock is owned by insiders.

About Trupanion

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.