New York State Common Retirement Fund Raises Stake in Trupanion, Inc. (NASDAQ:TRUP)

New York State Common Retirement Fund raised its position in shares of Trupanion, Inc. (NASDAQ:TRUP) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,191 shares of the financial services provider’s stock after purchasing an additional 3,588 shares during the quarter. New York State Common Retirement Fund owned 0.15% of Trupanion worth $3,142,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Trupanion by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Trupanion by 7.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock valued at $414,000 after buying an additional 671 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Trupanion by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 738 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Trupanion during the third quarter valued at approximately $37,000. Finally, Check Capital Management Inc. CA raised its position in shares of Trupanion by 2.7% during the third quarter. Check Capital Management Inc. CA now owns 41,460 shares of the financial services provider’s stock valued at $1,740,000 after buying an additional 1,100 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trupanion has a consensus rating of “Moderate Buy” and an average price target of $46.60.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 1,373 shares of Trupanion stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the completion of the transaction, the chief financial officer now directly owns 2,416 shares of the company’s stock, valued at $82,675.52. The trade was a 36.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is owned by insiders.

Trupanion Trading Up 2.8 %

Shares of TRUP opened at $34.54 on Friday. The company’s fifty day moving average is $45.87 and its 200 day moving average is $47.79. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The stock has a market capitalization of $1.46 billion, a PE ratio of -150.17, a P/E/G ratio of 6.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $337.31 million for the quarter, compared to analysts’ expectations of $335.41 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. Sell-side analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

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.