AQR Capital Management LLC Raises Position in Trupanion, Inc. (NASDAQ:TRUP)

AQR Capital Management LLC raised its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 173.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,553 shares of the financial services provider’s stock after purchasing an additional 27,644 shares during the period. AQR Capital Management LLC owned 0.10% of Trupanion worth $1,280,000 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 the stock. ProShare Advisors LLC raised its holdings in shares of Trupanion by 33.8% in the first quarter. ProShare Advisors LLC now owns 121,417 shares of the financial services provider’s stock worth $3,352,000 after buying an additional 30,645 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Trupanion in the first quarter worth approximately $473,000. Renaissance Technologies LLC purchased a new stake in shares of Trupanion in the second quarter worth approximately $4,739,000. Marshall Wace LLP raised its holdings in shares of Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after buying an additional 116,496 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Trupanion by 34.6% in the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider’s stock worth $74,862,000 after buying an additional 630,155 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the company. Northland Securities raised their price objective on Trupanion from $35.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, September 19th. Stifel Nicolaus increased their target price on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Evercore ISI raised Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Piper Sandler increased their target price on Trupanion from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Four equities research 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, Trupanion currently has a consensus rating of “Moderate Buy” and an average target price of $41.83.

Insider Buying and Selling

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The disclosure for this sale can be found here. Insiders sold 8,764 shares of company stock worth $405,238 in the last 90 days. Insiders own 5.50% of the company’s stock.

Trupanion Stock Up 0.8 %

Trupanion stock opened at $47.06 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -73.69 and a beta of 1.73. Trupanion, Inc. has a 1-year low of $19.14 and a 1-year high of $49.14. The business has a fifty day moving average price of $42.62 and a 200-day moving average price of $33.09.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.29% and a negative net margin of 1.57%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) EPS. Equities research analysts forecast that Trupanion, Inc. will post -0.34 EPS for the current fiscal year.

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.