Ameriprise Financial Inc. Sells 2,051 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Ameriprise Financial Inc. lowered its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,027 shares of the financial services provider’s stock after selling 2,051 shares during the quarter. Ameriprise Financial Inc. owned about 0.20% of Trupanion worth $4,098,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRUP. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion in the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its holdings in Trupanion by 71.7% during the fourth 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 during the period. Quarry LP acquired a new stake in Trupanion during the 4th quarter worth $39,000. Aster Capital Management DIFC Ltd grew its position in shares of Trupanion by 988.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,028 shares during the period. Finally, Coppell Advisory Solutions LLC increased its position in shares of Trupanion by 58.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 460 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Lake Street Capital reduced their price target on Trupanion from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Finally, Piper Sandler reduced their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trupanion presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.

Insider Transactions at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 2,294 shares of Trupanion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $31.39, for a total value of $72,008.66. Following the sale, the chief executive officer now owns 118,784 shares of the company’s stock, valued at approximately $3,728,629.76. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Emily Dreyer sold 14,025 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the sale, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. The trade was a 33.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,792 shares of company stock valued at $1,306,242 in the last 90 days. 5.42% of the stock is currently owned by corporate insiders.

Trupanion Trading Up 0.8%

TRUP opened at $44.54 on Monday. The company’s 50 day moving average price is $38.95 and its two-hundred day moving average price is $43.98. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -193.65, a PEG ratio of 6.02 and a beta of 1.72. Trupanion, Inc. has a fifty-two week low of $25.90 and a fifty-two week high of $57.90. 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 (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company had revenue of $341.98 million during the quarter, compared to analysts’ expectations of $337.81 million. During the same period in the prior year, the company posted ($0.16) earnings per share. Trupanion’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Trupanion Company 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.