New York State Teachers Retirement System Sells 1,400 Shares of Trupanion, Inc. (NASDAQ:TRUP)

New York State Teachers Retirement System cut its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,767 shares of the financial services provider’s stock after selling 1,400 shares during the period. New York State Teachers Retirement System owned about 0.08% of Trupanion worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRUP. Vanguard Group Inc. boosted its stake in Trupanion by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock worth $101,433,000 after purchasing an additional 32,485 shares in the last quarter. 8 Knots Management LLC raised its holdings in shares of Trupanion by 87.0% in the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after buying an additional 603,775 shares during the last quarter. Marshall Wace LLP lifted its position in Trupanion by 11.9% during the 2nd 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 in the last quarter. Renaissance Technologies LLC bought a new stake in Trupanion during the 2nd quarter worth about $4,739,000. Finally, Dimensional Fund Advisors LP increased its position in Trupanion by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider’s stock valued at $4,052,000 after acquiring an additional 26,941 shares in the last quarter.

Analysts Set New Price Targets

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

Trupanion Stock Up 3.2 %

TRUP stock opened at $50.49 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -157.78 and a beta of 1.69. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90. The business has a 50 day moving average price of $47.39 and a two-hundred day moving average price of $37.21. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40.

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

Insider Transactions at Trupanion

In related news, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the transaction, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Murray B. Low sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the sale, the director now owns 131,513 shares in the company, valued at approximately $6,926,789.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 624 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The disclosure for this sale can be found here. Insiders have sold 10,764 shares of company stock worth $510,578 in the last ninety days. Insiders own 5.50% of the company’s stock.

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.