Howard E. Rubin Sells 100,000 Shares of Trupanion Inc (TRUP) Stock
Trupanion Inc (NYSE:TRUP) Director Howard E. Rubin sold 100,000 shares of Trupanion stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total value of $2,590,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Trupanion Inc (NYSE TRUP) traded up 4.44% during mid-day trading on Wednesday, hitting $28.02. The stock had a trading volume of 299,014 shares. The firm’s market capitalization is $840.46 million. The stock’s 50 day moving average price is $23.17 and its 200 day moving average price is $20.14. Trupanion Inc has a one year low of $13.71 and a one year high of $28.26.
Trupanion (NYSE:TRUP) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. Analysts forecast that Trupanion Inc will post ($0.09) EPS for the current year.
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TRUP has been the topic of several recent analyst reports. Cowen and Company reaffirmed an “outperform” rating and issued a $28.00 price target (up from $19.00) on shares of Trupanion in a research report on Wednesday, August 2nd. BidaskClub raised Trupanion from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Royal Bank Of Canada lifted their price target on Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target (up from $18.00) on shares of Trupanion in a research report on Wednesday, August 2nd. Finally, Northland Securities set a $23.00 price objective on Trupanion and gave the company a “buy” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Trupanion presently has an average rating of “Buy” and a consensus price target of $26.50.
A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in Trupanion by 37.3% during the 2nd quarter. California State Teachers Retirement System now owns 39,784 shares of the financial services provider’s stock worth $890,000 after purchasing an additional 10,800 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Trupanion by 55.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,381 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 6,874 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in Trupanion during the 2nd quarter worth approximately $672,000. State Street Corp lifted its holdings in Trupanion by 54.4% during the 2nd 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. Finally, Lagoda Investment Management L.P. acquired a new stake in Trupanion during the 2nd quarter worth approximately $2,944,000.
Trupanion Company 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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