Trupanion, Inc. (NASDAQ:TRUP) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Trupanion, Inc. (NASDAQ:TRUP) by 73.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,208 shares of the financial services provider’s stock after purchasing an additional 7,298 shares during the period. Intech Investment Management LLC’s holdings in Trupanion were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TRUP. Quest Partners LLC purchased a new stake in Trupanion during the 3rd quarter worth about $37,000. Mutual of America Capital Management LLC acquired a new stake in Trupanion during the third quarter worth approximately $210,000. Check Capital Management Inc. CA lifted its position in shares of Trupanion by 2.7% during the 3rd quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 1,100 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Trupanion in the 3rd quarter valued at $261,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Trupanion by 51.3% in the 3rd quarter. GSA Capital Partners LLP now owns 10,487 shares of the financial services provider’s stock valued at $440,000 after buying an additional 3,554 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Trupanion Trading Down 0.4 %

Shares of TRUP stock opened at $53.31 on Friday. The company has a market capitalization of $2.26 billion, a P/E ratio of -166.59 and a beta of 1.69. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $49.94 and its two-hundred day moving average is $40.22. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. Trupanion’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS. Equities analysts forecast that Trupanion, Inc. will post -0.23 EPS for the current year.

Insider Activity

In related news, Director Murray B. Low sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the sale, the director now owns 131,513 shares in the company, valued at $6,926,789.71. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the sale, the chief financial officer now directly owns 9,867 shares in the company, valued at $519,102.87. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,538 shares of company stock valued at $988,741 over the last quarter. Corporate insiders own 5.50% of the company’s stock.

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.