Geode Capital Management LLC Sells 2,393 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Geode Capital Management LLC reduced its position in Trupanion, Inc. (NASDAQ:TRUP) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 783,655 shares of the financial services provider’s stock after selling 2,393 shares during the period. Geode Capital Management LLC owned 1.85% of Trupanion worth $37,781,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRUP. Jones Financial Companies Lllp grew its position in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Trupanion by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock worth $82,000 after buying an additional 267 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Trupanion during the fourth quarter valued at $25,000. Swiss National Bank grew its position in Trupanion by 1.1% during the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider’s stock worth $3,196,000 after buying an additional 700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Trupanion by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider’s stock worth $1,189,000 after acquiring an additional 738 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler cut their price objective on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 1,373 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now owns 2,416 shares in the company, valued at approximately $82,675.52. The trade was a 36.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Margaret Tooth sold 2,294 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total transaction of $72,008.66. Following the completion of the transaction, the chief executive officer now owns 118,784 shares in the company, valued at $3,728,629.76. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,792 shares of company stock worth $989,442 over the last three months. Company insiders own 5.50% of the company’s stock.

Trupanion Stock Performance

NASDAQ:TRUP opened at $34.72 on Wednesday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -150.96, a PEG ratio of 6.02 and a beta of 1.66. The business has a 50 day moving average of $37.40 and a 200 day moving average of $45.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. Trupanion, Inc. has a 1-year low of $19.69 and a 1-year high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The business had revenue of $337.31 million during the quarter, compared to the consensus estimate of $335.41 million. On average, sell-side analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

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.