Texas Permanent School Fund Corp Has $1.08 Million Position in Trupanion, Inc. (NASDAQ:TRUP)

Texas Permanent School Fund Corp grew its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,651 shares of the financial services provider’s stock after purchasing an additional 5,382 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Trupanion were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC bought a new stake in Trupanion in the fourth quarter worth approximately $67,000. Victory Capital Management Inc. bought a new stake in shares of Trupanion in the 4th quarter valued at $211,000. Blueshift Asset Management LLC bought a new stake in shares of Trupanion in the 4th quarter valued at $220,000. Bayesian Capital Management LP acquired a new position in shares of Trupanion during the 1st quarter valued at $253,000. Finally, Capstone Investment Advisors LLC bought a new position in Trupanion during the first quarter worth $269,000.

Analyst Ratings Changes

Several research firms have weighed in on TRUP. Bank of America lifted their price target on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI raised Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. William Blair initiated coverage on Trupanion in a research note on Friday, July 19th. They set an “outperform” rating on the stock. Piper Sandler raised their price objective on Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective (up previously from $22.00) on shares of Trupanion in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Insiders Place Their Bets

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

Trupanion Price Performance

TRUP stock opened at $42.80 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50-day simple moving average of $40.56 and a two-hundred day simple moving average of $31.70. The company has a market capitalization of $1.80 billion, a P/E ratio of -66.88 and a beta of 1.74. Trupanion, Inc. has a 52-week low of $19.14 and a 52-week high of $49.14.

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

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.