Maryland State Retirement & Pension System Reduces Position in Trupanion, Inc. (NASDAQ:TRUP)

Maryland State Retirement & Pension System decreased its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,600 shares of the financial services provider’s stock after selling 274 shares during the period. Maryland State Retirement & Pension System’s holdings in Trupanion were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Trupanion by 47.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,190 shares of the financial services provider’s stock valued at $270,000 after buying an additional 2,973 shares in the last quarter. Hosking Partners LLP purchased a new position in shares of Trupanion in the second quarter valued at $3,523,000. Liontrust Investment Partners LLP raised its stake in shares of Trupanion by 55.9% during the 2nd quarter. Liontrust Investment Partners LLP now owns 44,900 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 16,100 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 500 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Trupanion by 160.2% in the 2nd quarter. SG Americas Securities LLC now owns 71,012 shares of the financial services provider’s stock worth $2,088,000 after purchasing an additional 43,720 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a report on Friday, August 9th. William Blair assumed coverage on shares of Trupanion in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Bank of America raised Trupanion from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $49.00 in a research note on Thursday, May 16th. Piper Sandler upped their target price on Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Northland Securities lifted their price target on Trupanion from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Trupanion Trading Down 5.1 %

Shares of TRUP stock opened at $43.39 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.83 billion, a P/E ratio of -67.80 and a beta of 1.74. The business has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $29.91. Trupanion, Inc. has a 12-month low of $19.14 and a 12-month high of $48.85.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $314.80 million during the quarter, compared to analyst estimates of $309.33 million. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. Trupanion’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. Equities analysts anticipate that Trupanion, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $46.54, for a total value of $29,040.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,764 shares of company stock valued at $405,238. Insiders own 5.50% of the company’s stock.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.