Trupanion, Inc. (NASDAQ:TRUP) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 259.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,498 shares of the financial services provider’s stock after purchasing an additional 47,262 shares during the period. Barclays PLC owned approximately 0.15% of Trupanion worth $2,750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of Trupanion by 2.8% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trupanion by 47.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,190 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 2,973 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of Trupanion by 17.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 36,651 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 5,382 shares during the period. Headlands Technologies LLC acquired a new stake in Trupanion during the 2nd quarter worth approximately $162,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Trupanion in the second quarter valued at approximately $235,000.

Analysts Set New Price Targets

TRUP has been the subject of several recent research reports. Northland Securities increased their price objective 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. Stifel Nicolaus raised their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Piper Sandler upped their target price on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America raised their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Trupanion Stock Up 2.5 %

Shares of NASDAQ TRUP opened at $51.00 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The stock’s 50-day simple moving average is $52.90 and its 200-day simple moving average is $43.02. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -159.38 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. Trupanion’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. As a group, equities analysts anticipate that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.08, for a total transaction of $523,740.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the transaction, the senior vice president now owns 24,708 shares of the company’s stock, valued at approximately $1,355,233.80. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,405 shares of company stock worth $1,512,482 in the last ninety days. 5.50% of the stock is owned by insiders.

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.