Lagoda Investment Management L.P. Purchases New Position in Trupanion Inc (TRUP)
Lagoda Investment Management L.P. purchased a new position in shares of Trupanion Inc (NYSE:TRUP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 131,528 shares of the financial services provider’s stock, valued at approximately $2,944,000. Trupanion comprises 1.1% of Lagoda Investment Management L.P.’s investment portfolio, making the stock its 18th largest holding. Lagoda Investment Management L.P. owned 0.44% of Trupanion at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of TRUP. Wellington Management Group LLP grew its stake in Trupanion by 71.8% in the 1st quarter. Wellington Management Group LLP now owns 929,226 shares of the financial services provider’s stock valued at $13,213,000 after buying an additional 388,226 shares in the last quarter. Nine Ten Capital Management LLC grew its stake in Trupanion by 53.4% in the 1st quarter. Nine Ten Capital Management LLC now owns 1,112,380 shares of the financial services provider’s stock valued at $15,818,000 after buying an additional 387,320 shares in the last quarter. Handelsinvest Investeringsforvaltning grew its stake in Trupanion by 598.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 179,500 shares in the last quarter. American Century Companies Inc. purchased a new position in Trupanion in the 2nd quarter valued at approximately $3,434,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in Trupanion in the 2nd quarter valued at approximately $2,972,000.
Trupanion Inc (NYSE:TRUP) traded down 0.803% on Thursday, reaching $27.795. 93,610 shares of the company were exchanged. The firm has a 50-day moving average of $23.32 and a 200 day moving average of $20.20. Trupanion Inc has a 12-month low of $13.71 and a 12-month high of $28.30. The firm’s market capitalization is $833.71 million.
Trupanion (NYSE:TRUP) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. During the same period last year, the firm earned ($0.03) earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities analysts predict that Trupanion Inc will post ($0.09) earnings per share for the current year.
In other news, COO Ian Moffat sold 8,552 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $23.20, for a total value of $198,406.40. Following the completion of the sale, the chief operating officer now directly owns 8,552 shares of the company’s stock, valued at $198,406.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Howard E. Rubin sold 100,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total transaction of $2,590,000.00. The disclosure for this sale can be found here. Insiders sold 150,552 shares of company stock worth $3,741,754 over the last quarter.
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A number of research firms recently weighed in on TRUP. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday. BidaskClub lowered shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price objective (up from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Royal Bank Of Canada lifted their price objective on shares of Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective (up from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.50.
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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