Northern Trust Corp increased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 55.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,398 shares of the financial services provider’s stock after acquiring an additional 90,790 shares during the quarter. Northern Trust Corp owned approximately 0.85% of Trupanion worth $5,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American International Group Inc. raised its stake in Trupanion by 7.1% during the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 588 shares during the period. Bank of Montreal Can raised its stake in Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 6,834 shares during the period. Wells Fargo & Company MN raised its stake in Trupanion by 13.5% during the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,342 shares during the period. Nationwide Fund Advisors raised its stake in Trupanion by 52.7% during the second quarter. Nationwide Fund Advisors now owns 12,694 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 4,380 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Trupanion by 1.2% during the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 61.23% of the company’s stock.

Shares of Trupanion, Inc. (NASDAQ TRUP) opened at $30.69 on Thursday. Trupanion, Inc. has a 12 month low of $13.71 and a 12 month high of $33.00. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.15.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The company had revenue of $63.12 million for the quarter, compared to analyst estimates of $61.44 million. During the same quarter last year, the business earned ($0.06) earnings per share. Trupanion’s revenue was up 30.5% compared to the same quarter last year. analysts forecast that Trupanion, Inc. will post -0.04 EPS for the current year.

In other news, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $22.30, for a total value of $78,050.00. Following the completion of the transaction, the insider now directly owns 1,453,005 shares in the company, valued at $32,402,011.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Asher Bearman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $22.55, for a total transaction of $56,375.00. Following the completion of the transaction, the insider now owns 5,539 shares of the company’s stock, valued at $124,904.45. The disclosure for this sale can be found here. Insiders sold 114,000 shares of company stock worth $2,913,615 in the last 90 days. 31.24% of the stock is owned by company insiders.

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Several equities research analysts recently weighed in on TRUP shares. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price objective (up previously from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Canaccord Genuity increased their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, October 4th. Finally, Cowen and Company reiterated an “outperform” rating and set a $28.00 price objective (up previously from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Trupanion presently has a consensus rating of “Buy” and a consensus price target of $28.83.

Trupanion Profile

Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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