Louisiana State Employees Retirement System Sells 2,100 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Louisiana State Employees Retirement System cut its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,100 shares of the financial services provider’s stock after selling 2,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Trupanion were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRUP. GAMMA Investing LLC raised its position in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Trupanion in the second quarter worth approximately $162,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Trupanion in the second quarter worth approximately $235,000. Handelsbanken Fonder AB purchased a new stake in shares of Trupanion in the third quarter worth approximately $248,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Trupanion in the first quarter worth approximately $253,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TRUP. Piper Sandler increased their price target on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Stifel Nicolaus increased their price target on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Northland Securities increased their price target on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Bank of America increased their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Stock Down 8.3 %

Shares of NASDAQ:TRUP opened at $50.05 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.11 billion, a P/E ratio of -156.41 and a beta of 1.69. The business’s 50 day moving average is $47.11 and its 200 day moving average is $36.63. Trupanion, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. Sell-side analysts predict that Trupanion, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Fawwad Qureshi sold 640 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.12, for a total value of $27,596.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,764 shares of company stock valued at $405,238. 5.50% of the stock is currently owned by corporate insiders.

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.