State of Alaska Department of Revenue Sells 2,208 Shares of Trupanion, Inc. (NASDAQ:TRUP)

State of Alaska Department of Revenue cut its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,009 shares of the financial services provider’s stock after selling 2,208 shares during the quarter. State of Alaska Department of Revenue’s holdings in Trupanion were worth $797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 8 Knots Management LLC boosted its position in shares of Trupanion by 87.0% in the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after acquiring an additional 603,775 shares during the period. Renaissance Technologies LLC acquired a new position in Trupanion in the 2nd quarter valued at $4,739,000. Hosking Partners LLP bought a new stake in shares of Trupanion during the 2nd quarter valued at $3,523,000. Marshall Wace LLP grew its holdings in shares of Trupanion by 11.9% during the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after purchasing an additional 116,496 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Trupanion by 160.2% in the second 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. William Blair assumed coverage on Trupanion in a research report on Friday, July 19th. They issued an “outperform” rating on the stock. Northland Securities increased their price objective on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, Bank of America lifted their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Stock Performance

Shares of Trupanion stock opened at $50.21 on Thursday. The business has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $36.93. Trupanion, Inc. has a 1-year low of $19.69 and a 1-year high of $57.90. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.13 billion, a P/E ratio of -156.91 and a beta of 1.69.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The business had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, analysts anticipate that Trupanion, Inc. will post -0.34 EPS for the current year.

Insider Activity at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the firm’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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $46.54, for a total value of $29,040.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now directly owns 99,984 shares in the company, valued at $4,647,256.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock worth $405,238 in the last quarter. Company 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.