Stock Traders Purchase High Volume of Trupanion Put Options (TRUP)

Trupanion Inc (NASDAQ:TRUP) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 1,000 put options on the stock. This represents an increase of approximately 1,752% compared to the typical volume of 54 put options.

In other Trupanion news, Director Murray B. Low sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $31.14, for a total transaction of $93,420.00. Following the completion of the transaction, the director now owns 197,281 shares in the company, valued at approximately $6,143,330.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $34.36, for a total transaction of $120,260.00. Following the transaction, the insider now owns 1,382,976 shares of the company’s stock, valued at approximately $47,519,055.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,039 shares of company stock valued at $868,823. Company insiders own 31.24% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Trupanion in the 3rd quarter valued at $325,000. Goldman Sachs Group Inc. bought a new stake in shares of Trupanion in the 2nd quarter valued at $993,000. Swiss National Bank increased its stake in shares of Trupanion by 21.7% in the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock valued at $714,000 after acquiring an additional 5,700 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Trupanion by 43.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,114 shares of the financial services provider’s stock valued at $1,681,000 after acquiring an additional 22,888 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Trupanion by 11.1% in the 2nd quarter. Royal Bank of Canada now owns 82,654 shares of the financial services provider’s stock valued at $1,850,000 after acquiring an additional 8,239 shares in the last quarter. Institutional investors own 63.76% of the company’s stock.

Shares of Trupanion (TRUP) opened at $31.53 on Friday. The firm has a market cap of $947.16, a price-to-earnings ratio of -350.33 and a beta of 0.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87. Trupanion has a one year low of $13.88 and a one year high of $36.88.

Several research analysts have issued reports on the stock. CL King assumed coverage on shares of Trupanion in a report on Tuesday, November 21st. They set a “neutral” rating for the company. Northland Securities restated a “buy” rating and set a $38.00 price target on shares of Trupanion in a report on Thursday. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, November 8th. Finally, Canaccord Genuity restated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. One equities 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 has a consensus rating of “Buy” and a consensus target price of $31.33.

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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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