Bank of New York Mellon Corp Boosts Position in Trupanion Inc (TRUP)
Bank of New York Mellon Corp increased its stake in Trupanion Inc (NYSE:TRUP) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,800 shares of the financial services provider’s stock after purchasing an additional 17,809 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.25% of Trupanion worth $1,674,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. American International Group Inc. raised its holdings in shares of Trupanion by 7.1% in the 1st quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 588 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Trupanion in the 1st quarter worth approximately $194,000. Bank of Montreal Can raised its holdings in shares of Trupanion by 309.2% in the 2nd quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 6,834 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Trupanion by 1.2% in the 1st quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 200 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Trupanion by 57.9% in the 2nd quarter. Rhumbline Advisers now owns 23,944 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 8,777 shares during the period.
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Trupanion Inc (NYSE TRUP) opened at 28.02 on Wednesday. The stock’s market capitalization is $840.46 million. The stock’s 50 day moving average is $24.45 and its 200-day moving average is $20.91. Trupanion Inc has a 52-week low of $13.71 and a 52-week high of $28.45.
Trupanion (NYSE:TRUP) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The company’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS. Equities research analysts anticipate that Trupanion Inc will post ($0.09) EPS for the current fiscal year.
A number of research firms recently commented on TRUP. Zacks Investment Research raised shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, October 4th. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price objective (up from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective (up from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Trupanion from a “d” rating to a “c-” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $26.50.
In related news, insider Asher Bearman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $22.55, for a total transaction of $56,375.00. Following the completion of the transaction, the insider now directly owns 5,539 shares of the company’s stock, valued at $124,904.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $22.51, for a total transaction of $78,785.00. Following the transaction, the insider now directly owns 1,460,005 shares of the company’s stock, valued at $32,864,712.55. The disclosure for this sale can be found here. Insiders have sold a total of 150,552 shares of company stock worth $3,741,754 over the last 90 days.
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.
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