Public Sector Pension Investment Board Decreases Position in Trupanion, Inc. (NASDAQ:TRUP)

Public Sector Pension Investment Board lowered its position in Trupanion, Inc. (NASDAQ:TRUP) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,655 shares of the financial services provider’s stock after selling 8,900 shares during the quarter. Public Sector Pension Investment Board owned 0.17% of Trupanion worth $2,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in Trupanion by 55,963.7% in the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock valued at $49,213,000 after purchasing an additional 1,170,202 shares in the last quarter. Marshall Wace LLP boosted its position in Trupanion by 11.9% during the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock worth $32,181,000 after acquiring an additional 116,496 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Trupanion during the second quarter worth approximately $4,739,000. Dimensional Fund Advisors LP grew its stake in Trupanion by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 137,833 shares of the financial services provider’s stock worth $4,052,000 after acquiring an additional 26,941 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Trupanion by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 124,548 shares of the financial services provider’s stock worth $5,229,000 after purchasing an additional 8,781 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Northland Securities raised their price target on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler lifted their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Bank of America upped their price objective on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Price Performance

TRUP stock opened at $54.63 on Wednesday. The stock has a 50-day simple moving average of $50.42 and a 200-day simple moving average of $40.68. The firm has a market cap of $2.31 billion, a P/E ratio of -170.72 and a beta of 1.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. During the same period in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities analysts predict that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Murray B. Low sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the transaction, the director now owns 131,513 shares of the company’s stock, valued at approximately $6,926,789.71. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total value of $32,723.42. Following the sale, the chief financial officer now owns 9,867 shares in the company, valued at $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,405 shares of company stock worth $1,512,482 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Trupanion Profile

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.