California Public Employees Retirement System boosted its holdings in Trupanion Inc (NASDAQ:TRUP) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,509 shares of the financial services provider’s stock after purchasing an additional 3,309 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of Trupanion worth $1,202,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Lagoda Investment Management L.P. boosted its stake in Trupanion by 44.6% in the 3rd quarter. Lagoda Investment Management L.P. now owns 190,162 shares of the financial services provider’s stock worth $5,022,000 after purchasing an additional 58,634 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Trupanion in the 3rd quarter worth approximately $221,000. King Luther Capital Management Corp bought a new position in Trupanion in the 3rd quarter worth approximately $1,524,000. Convergence Investment Partners LLC bought a new position in Trupanion in the 3rd quarter worth approximately $361,000. Finally, Gerber Kawasaki Wealth & Investment Management boosted its stake in Trupanion by 73.2% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 102,106 shares of the financial services provider’s stock worth $2,782,000 after purchasing an additional 43,169 shares during the period. Institutional investors and hedge funds own 63.21% of the company’s stock.
In other news, COO Ian Moffat sold 7,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.06, for a total transaction of $210,420.00. Following the completion of the transaction, the chief operating officer now directly owns 7,000 shares in the company, valued at approximately $210,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $34.08, for a total value of $119,280.00. Following the transaction, the insider now owns 1,386,476 shares of the company’s stock, valued at $47,251,102.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,539 shares of company stock valued at $780,673 over the last quarter. Corporate insiders own 31.24% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub downgraded Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Finally, CL King assumed coverage on Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Trupanion currently has an average rating of “Buy” and an average target price of $28.83.
Trupanion Inc (TRUP) opened at $33.61 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1,010.00, a P/E ratio of -373.44 and a beta of 0.14. Trupanion Inc has a 52-week low of $13.88 and a 52-week high of $35.07.
Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. sell-side analysts predict that Trupanion Inc will post -0.04 earnings per share for the current fiscal year.
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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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