Rhumbline Advisers Increases Holdings in Trupanion Inc (TRUP)
Rhumbline Advisers boosted its stake in shares of Trupanion Inc (NYSE:TRUP) by 57.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,944 shares of the financial services provider’s stock after purchasing an additional 8,777 shares during the quarter. Rhumbline Advisers owned about 0.08% of Trupanion worth $536,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in TRUP. American International Group Inc. increased its holdings in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 588 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Trupanion in the first quarter valued at about $194,000. Bank of Montreal Can raised its position in shares of Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 6,834 shares during the period. Alliancebernstein L.P. raised its position in shares of Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 200 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Trupanion by 31.9% in the fourth quarter. Teachers Advisors LLC now owns 42,725 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 10,340 shares during the period.
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In other Trupanion news, insider Asher Bearman sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $22.55, for a total transaction of $56,375.00. Following the sale, the insider now directly owns 5,539 shares of the company’s stock, valued at $124,904.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Ian Moffat sold 8,552 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $23.20, for a total transaction of $198,406.40. Following the sale, the chief operating officer now directly owns 8,552 shares in the company, valued at $198,406.40. The disclosure for this sale can be found here. In the last three months, insiders sold 54,052 shares of company stock valued at $1,229,454.
Shares of Trupanion Inc (NYSE TRUP) opened at 26.08 on Tuesday. The firm’s market cap is $782.27 million. Trupanion Inc has a 12-month low of $13.71 and a 12-month high of $27.00. The stock’s 50 day moving average price is $23.05 and its 200-day moving average price is $20.05.
Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts predict that Trupanion Inc will post ($0.09) earnings per share for the current fiscal year.
TRUP has been the subject of a number of research reports. BidaskClub downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity upped their price target on shares of Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company reissued an “outperform” rating and issued a $28.00 price target (up from $19.00) on shares of Trupanion in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 price target (up from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.50.
Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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