New York State Common Retirement Fund Has $507,000 Holdings in Trupanion, Inc. $TRUP

New York State Common Retirement Fund lessened its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 86.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,705 shares of the financial services provider’s stock after selling 72,225 shares during the quarter. New York State Common Retirement Fund’s holdings in Trupanion were worth $507,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in Trupanion by 73.5% in the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after purchasing an additional 113,490 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Trupanion in the third quarter valued at approximately $3,772,000. JPMorgan Chase & Co. lifted its stake in shares of Trupanion by 66.7% in the second quarter. JPMorgan Chase & Co. now owns 161,781 shares of the financial services provider’s stock worth $8,955,000 after buying an additional 64,704 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trupanion by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 860,988 shares of the financial services provider’s stock worth $47,662,000 after buying an additional 56,671 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Trupanion by 35.1% during the 2nd quarter. Invesco Ltd. now owns 187,749 shares of the financial services provider’s stock worth $10,392,000 after buying an additional 48,781 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRUP. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a report on Monday, December 29th. Stifel Nicolaus lowered their price target on Trupanion from $42.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Wall Street Zen cut Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Cantor Fitzgerald decreased their target price on Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Piper Sandler dropped their price target on Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.00.

Insiders Place Their Bets

In related news, COO John R. Gallagher sold 6,383 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the completion of the transaction, the chief operating officer directly owned 32,721 shares in the company, valued at approximately $1,139,345.22. This represents a 16.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 6,202 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total value of $219,860.90. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,853 shares of company stock worth $1,181,863. 5.42% of the stock is currently owned by company insiders.

Trupanion Stock Up 1.0%

NASDAQ TRUP opened at $33.09 on Wednesday. Trupanion, Inc. has a twelve month low of $30.54 and a twelve month high of $57.88. The stock has a market cap of $1.43 billion, a PE ratio of 91.92 and a beta of 1.58. The firm has a 50-day simple moving average of $35.22 and a 200 day simple moving average of $40.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 1.71.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.