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Fly News Breaks for June 26, 2019
TRUP
Jun 26, 2019 | 09:21 EDT
After the State of Washington Office of Insurance Commissioner filed a consent order on June 24 detailing Trupanion's agreement to a settlement and to pay a $100,000 fine, Lake Street analyst Mark Argento said he views the rulings and fine as "insignificant, especially compared to the amount of attention some have given this investigation." He doesn't expect any material impact to the business going forward and believes other states have looked at the same items and have not taken issue. He continues to identify Trupanion as one of his favorite long-term growth stories and keeps a Buy rating on the shares with a $46 price target.