Comerica Bank Sells 2,665 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Comerica Bank lowered its holdings in shares of Trupanion, Inc. (NASDAQ:TRUPGet Rating) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,862 shares of the financial services provider’s stock after selling 2,665 shares during the quarter. Comerica Bank’s holdings in Trupanion were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Greenhaven Road Investment Management L.P. bought a new position in Trupanion during the second quarter valued at $32,000. Strs Ohio bought a new stake in shares of Trupanion in the 3rd quarter worth about $35,000. Harbor Investment Advisory LLC lifted its holdings in shares of Trupanion by 31.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 942 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 228 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Trupanion by 90.9% in the 2nd quarter. Prospera Financial Services Inc now owns 1,050 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 500 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Trupanion by 45.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 404 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.

Insider Buying and Selling at Trupanion

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $60.41, for a total transaction of $241,640.00. Following the transaction, the chief executive officer now owns 865,109 shares of the company’s stock, valued at approximately $52,261,234.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $60.41, for a total value of $241,640.00. Following the sale, the chief executive officer now directly owns 865,109 shares in the company, valued at approximately $52,261,234.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Doak sold 700 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $46.00, for a total transaction of $32,200.00. Following the completion of the sale, the director now owns 1,682 shares in the company, valued at $77,372. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,550 shares of company stock valued at $1,088,000. Company insiders own 5.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRUP shares. UBS Group lowered their target price on shares of Trupanion from $80.00 to $66.00 and set a “buy” rating for the company in a report on Friday, November 4th. Lake Street Capital lowered their target price on shares of Trupanion to $67.00 in a report on Friday, November 4th. Piper Sandler raised their target price on shares of Trupanion from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, December 20th. Finally, StockNews.com began coverage on shares of Trupanion in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.25.

Trupanion Trading Up 2.6 %

TRUP stock opened at $55.89 on Tuesday. The company has a market capitalization of $2.29 billion, a PE ratio of -53.74 and a beta of 1.77. Trupanion, Inc. has a 12 month low of $40.77 and a 12 month high of $99.10. The firm’s 50-day moving average is $51.88 and its 200 day moving average is $58.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.50.

Trupanion (NASDAQ:TRUPGet Rating) last posted its earnings results on Thursday, November 3rd. The financial services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.03). The business had revenue of $233.76 million for the quarter, compared to analysts’ expectations of $231.21 million. Trupanion had a negative net margin of 4.97% and a negative return on equity of 13.12%. On average, research analysts anticipate that Trupanion, Inc. will post -1.17 EPS for the current year.

Trupanion Company Profile

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Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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