King Luther Capital Management Corp purchased a new position in shares of Trupanion, Inc. (NASDAQ:TRUP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,695 shares of the financial services provider’s stock, valued at approximately $1,524,000. King Luther Capital Management Corp owned about 0.19% of Trupanion at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 200 shares in the last quarter. Vanguard Group Inc. raised its position in Trupanion by 3.7% in the first quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock worth $9,249,000 after acquiring an additional 23,419 shares in the last quarter. Geode Capital Management LLC raised its position in Trupanion by 4.2% in the first quarter. Geode Capital Management LLC now owns 129,045 shares of the financial services provider’s stock worth $1,835,000 after acquiring an additional 5,160 shares in the last quarter. Morgan Stanley raised its position in Trupanion by 56.2% in the first quarter. Morgan Stanley now owns 305,364 shares of the financial services provider’s stock worth $4,343,000 after acquiring an additional 109,904 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 6,834 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

Shares of Trupanion, Inc. (NASDAQ TRUP) opened at $29.75 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. Trupanion, Inc. has a twelve month low of $13.71 and a twelve month high of $33.00.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $63.12 million for the quarter, compared to analyst estimates of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. Trupanion’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. sell-side analysts predict that Trupanion, Inc. will post -0.04 EPS for the current year.

Several research firms have issued reports on TRUP. BidaskClub cut Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. CL King began coverage on Trupanion in a report on Tuesday, November 21st. They issued a “neutral” rating on the stock. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.83.

In related news, Director Howard E. Rubin sold 100,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total transaction of $2,590,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Ian Moffat sold 7,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.06, for a total value of $210,420.00. Following the sale, the chief operating officer now directly owns 7,000 shares in the company, valued at approximately $210,420. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,539 shares of company stock worth $3,123,783. Corporate insiders own 31.24% of the company’s stock.

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Trupanion Company Profile

Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.

Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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