Assetmark Inc. increased its stake in shares of Trupanion Inc (NASDAQ:TRUP) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,551 shares of the financial services provider’s stock after buying an additional 26,953 shares during the quarter. Assetmark Inc. owned 0.49% of Trupanion worth $6,162,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TRUP. Manchester Capital Management LLC grew its stake in shares of Trupanion by 100.9% during the first quarter. Manchester Capital Management LLC now owns 1,710 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 859 shares during the period. Aperio Group LLC bought a new position in Trupanion during the second quarter worth about $166,000. BNP Paribas Arbitrage SA lifted its holdings in Trupanion by 1,247.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,362 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 4,964 shares in the last quarter. US Bancorp DE lifted its holdings in Trupanion by 6.0% during the second quarter. US Bancorp DE now owns 6,145 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 350 shares in the last quarter. Finally, Angeles Investment Advisors LLC bought a new position in Trupanion during the first quarter worth about $246,000. Institutional investors and hedge funds own 96.34% of the company’s stock.
Several research analysts have weighed in on TRUP shares. Northland Securities reiterated a “buy” rating and set a $40.00 target price on shares of Trupanion in a report on Wednesday, July 31st. Royal Bank of Canada set a $38.00 target price on Trupanion and gave the stock a “buy” rating in a report on Wednesday, July 31st. BidaskClub lowered Trupanion from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine downgraded Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research raised Trupanion from a “strong sell” rating to a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Trupanion currently has a consensus rating of “Buy” and a consensus price target of $37.50.
In other news, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $32.59, for a total value of $130,360.00. Following the completion of the transaction, the insider now directly owns 1,515,120 shares in the company, valued at approximately $49,377,760.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 20,900 shares of company stock valued at $581,471 over the last quarter. 13.61% of the stock is owned by corporate insiders.
Shares of TRUP stock traded up $0.41 during trading on Friday, hitting $21.63. The company had a trading volume of 145,168 shares, compared to its average volume of 295,992. The stock’s 50-day moving average price is $24.78 and its 200 day moving average price is $30.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.80 and a current ratio of 1.80. Trupanion Inc has a one year low of $20.84 and a one year high of $37.13. The firm has a market capitalization of $741.03 million, a P/E ratio of -721.00 and a beta of 1.46.
Trupanion (NASDAQ:TRUP) last released its earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The business had revenue of $92.20 million for the quarter, compared to the consensus estimate of $91.17 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, research analysts anticipate that Trupanion Inc will post -0.12 earnings per share for the current fiscal year.
Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.
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