Kopion Asset Management LLC Has $12.96 Million Stock Holdings in Trupanion, Inc. $TRUP

Kopion Asset Management LLC boosted its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 30.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 522,999 shares of the financial services provider’s stock after buying an additional 123,308 shares during the quarter. Trupanion comprises approximately 8.2% of Kopion Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Kopion Asset Management LLC’s holdings in Trupanion were worth $12,955,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,722 shares during the period. Liontrust Investment Partners LLP lifted its stake in shares of Trupanion by 23.8% in the first quarter. Liontrust Investment Partners LLP now owns 60,650 shares of the financial services provider’s stock worth $1,553,000 after acquiring an additional 11,658 shares during the period. California State Teachers Retirement System lifted its stake in shares of Trupanion by 54.0% in the first quarter. California State Teachers Retirement System now owns 48,288 shares of the financial services provider’s stock worth $1,237,000 after acquiring an additional 16,930 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Trupanion by 165.5% in the first quarter. Quantinno Capital Management LP now owns 24,712 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 15,404 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Trupanion by 550.0% in the first quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $999,000 after acquiring an additional 33,000 shares during the last quarter.

Trupanion Stock Performance

Shares of TRUP stock opened at $24.65 on Wednesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 41.78 and a beta of 1.39. Trupanion, Inc. has a 52 week low of $21.16 and a 52 week high of $57.00. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $24.44 and a 200-day moving average of $26.26.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Zacks Research upgraded shares of Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Bank of America reduced their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Stifel Nicolaus set a $28.00 price objective on shares of Trupanion in a research report on Friday, June 26th. Finally, Cantor Fitzgerald lowered their target price on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Insider Activity at Trupanion

In related news, CFO Fawwad Qureshi sold 6,177 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total transaction of $137,005.86. Following the transaction, the chief financial officer directly owned 2,081 shares of the company’s stock, valued at $46,156.58. This represents a 74.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steve Weinrauch sold 6,674 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $22.00, for a total transaction of $146,828.00. Following the completion of the sale, the executive vice president owned 78,062 shares of the company’s stock, valued at $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,807 shares of company stock worth $394,452 in the last quarter. Company insiders own 5.58% of the company’s stock.

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.