VNBTrust National Association Trims Position in Trupanion, Inc. (TRUP)
VNBTrust National Association cut its position in shares of Trupanion, Inc. (NASDAQ:TRUP) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 89,600 shares of the financial services provider’s stock after selling 4,625 shares during the period. Trupanion accounts for 1.5% of VNBTrust National Association’s holdings, making the stock its 16th biggest position. VNBTrust National Association’s holdings in Trupanion were worth $2,623,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TRUP. San Francisco Sentry Investment Group CA acquired a new position in Trupanion during the second quarter worth $2,972,000. Lagoda Investment Management L.P. acquired a new position in Trupanion during the second quarter worth $2,944,000. State Street Corp raised its holdings in Trupanion by 54.4% during the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock worth $7,752,000 after purchasing an additional 121,990 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Trupanion by 16.6% in the second quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock worth $16,977,000 after acquiring an additional 108,135 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Trupanion by 55.2% in the second quarter. Northern Trust Corp now owns 255,398 shares of the financial services provider’s stock worth $5,715,000 after acquiring an additional 90,790 shares during the last quarter. 63.25% of the stock is owned by hedge funds and other institutional investors.
TRUP has been the subject of a number of analyst reports. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, October 4th. BidaskClub raised Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Trupanion presently has a consensus rating of “Buy” and an average price target of $28.83.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share. equities research analysts anticipate that Trupanion, Inc. will post -0.04 EPS for the current year.
In other news, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $30.11, for a total value of $105,385.00. Following the completion of the sale, the insider now owns 1,389,976 shares of the company’s stock, valued at $41,852,177.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.11, for a total value of $32,110.00. Following the completion of the sale, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at approximately $449,540. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,039 shares of company stock valued at $661,393. Company insiders own 31.24% of the company’s stock.
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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