Texas Permanent School Fund Corp Has $1.08 Million Stake in Trupanion, Inc. (NASDAQ:TRUP)

Texas Permanent School Fund Corp grew its position in Trupanion, Inc. (NASDAQ:TRUP) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,651 shares of the financial services provider’s stock after buying an additional 5,382 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Trupanion worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trupanion by 47.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,190 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 2,973 shares during the last quarter. Hosking Partners LLP acquired a new stake in shares of Trupanion in the 2nd quarter valued at $3,523,000. Liontrust Investment Partners LLP increased its stake in shares of Trupanion by 55.9% in the 2nd quarter. Liontrust Investment Partners LLP now owns 44,900 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 16,100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after buying an additional 500 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Trupanion by 160.2% during the 2nd quarter. SG Americas Securities LLC now owns 71,012 shares of the financial services provider’s stock worth $2,088,000 after buying an additional 43,720 shares in the last quarter.

Insider Activity at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Fawwad Qureshi sold 624 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The disclosure for this sale can be found here. Insiders sold 8,764 shares of company stock worth $405,238 over the last three months. Company insiders own 5.50% of the company’s stock.

Trupanion Stock Up 1.9 %

Shares of NASDAQ TRUP opened at $42.80 on Friday. The company has a 50 day simple moving average of $40.56 and a 200 day simple moving average of $31.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. Trupanion, Inc. has a 1 year low of $19.14 and a 1 year high of $49.14. The firm has a market cap of $1.80 billion, a PE ratio of -66.88 and a beta of 1.74.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.33) EPS. On average, research analysts forecast that Trupanion, Inc. will post -0.37 EPS for the current year.

Analysts Set New Price Targets

TRUP has been the topic of several research analyst reports. William Blair began coverage on Trupanion in a research note on Friday, July 19th. They issued an “outperform” rating on the stock. Piper Sandler raised their price target on shares of Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $30.00 price objective (up from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Northland Securities raised their target price on shares of Trupanion from $35.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Four 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Trupanion Profile

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.