Bartlett & CO. Wealth Management LLC Cuts Stock Holdings in Trupanion, Inc. $TRUP

Bartlett & CO. Wealth Management LLC decreased its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 66.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800 shares of the financial services provider’s stock after selling 1,600 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Trupanion were worth $44,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jump Financial LLC boosted its position in shares of Trupanion by 27.5% during the first quarter. Jump Financial LLC now owns 87,673 shares of the financial services provider’s stock valued at $3,268,000 after buying an additional 18,919 shares during the last quarter. Palisade Capital Management LP boosted its position in shares of Trupanion by 36.7% during the first quarter. Palisade Capital Management LP now owns 244,354 shares of the financial services provider’s stock valued at $9,107,000 after buying an additional 65,653 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Trupanion by 277.7% during the first quarter. Russell Investments Group Ltd. now owns 34,643 shares of the financial services provider’s stock valued at $1,291,000 after buying an additional 25,471 shares during the last quarter. Banque Pictet & Cie SA purchased a new position in shares of Trupanion during the first quarter valued at approximately $439,000. Finally, GAMMA Investing LLC lifted its holdings in Trupanion by 3,474.4% during the first quarter. GAMMA Investing LLC now owns 61,086 shares of the financial services provider’s stock worth $2,277,000 after acquiring an additional 59,377 shares during the period.

Insider Activity

In other news, Director Darryl Rawlings sold 30,369 shares of Trupanion stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $44.70, for a total value of $1,357,494.30. Following the completion of the transaction, the director directly owned 1,413,281 shares in the company, valued at approximately $63,173,660.70. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 8,961 shares of Trupanion stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $41.88, for a total value of $375,286.68. Following the completion of the transaction, the chief executive officer owned 144,229 shares of the company’s stock, valued at approximately $6,040,310.52. This trade represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,761 shares of company stock worth $2,739,621. 5.42% of the stock is owned by corporate insiders.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $43.48 on Friday. The stock has a market cap of $1.87 billion, a PE ratio of 167.24 and a beta of 1.83. Trupanion, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $57.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day moving average of $45.99 and a 200-day moving average of $45.22.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.25. The company had revenue of $353.56 million during the quarter, compared to analysts’ expectations of $346.73 million. Trupanion had a return on equity of 3.31% and a net margin of 0.81%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TRUP has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trupanion in a report on Saturday, September 27th. Cantor Fitzgerald upgraded Trupanion to a “hold” rating in a report on Wednesday, August 13th. Piper Sandler lifted their price target on Trupanion from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Stifel Nicolaus lifted their price target on Trupanion from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.80.

About Trupanion

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