Capital World Investors Boosts Holdings in Trupanion Inc (TRUP)
Capital World Investors boosted its holdings in shares of Trupanion Inc (NYSE:TRUP) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,380,800 shares of the financial services provider’s stock after acquiring an additional 40,500 shares during the quarter. Capital World Investors owned 7.94% of Trupanion worth $53,282,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Trupanion by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock worth $9,249,000 after purchasing an additional 23,419 shares during the period. Baillie Gifford & Co. lifted its position in shares of Trupanion by 12.3% in the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock worth $21,985,000 after purchasing an additional 107,373 shares during the period. Handelsinvest Investeringsforvaltning lifted its position in shares of Trupanion by 598.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock worth $4,689,000 after purchasing an additional 179,500 shares during the period. Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Trupanion in the 2nd quarter worth approximately $1,300,000. Finally, American Century Companies Inc. acquired a new position in shares of Trupanion in the 2nd quarter worth approximately $3,434,000.
Trupanion Inc (NYSE:TRUP) opened at 27.05 on Friday. The company’s 50 day moving average is $23.59 and its 200-day moving average is $20.33. The firm’s market cap is $811.36 million. Trupanion Inc has a 52-week low of $13.71 and a 52-week high of $28.30.
Trupanion (NYSE:TRUP) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The company had revenue of $58.30 million during the quarter, compared to analyst estimates of $57.58 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 27.3% on a year-over-year basis. On average, equities analysts predict that Trupanion Inc will post ($0.09) EPS for the current fiscal year.
A number of brokerages have recently issued reports on TRUP. TheStreet upgraded shares of Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. Canaccord Genuity boosted their price target on shares of Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and issued a $19.00 price target on shares of Trupanion in a research report on Friday, July 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.50.
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In related news, Director Howard E. Rubin sold 100,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total value of $2,590,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Asher Bearman sold 6,600 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $22.86, for a total value of $150,876.00. Following the completion of the sale, the insider now directly owns 9,039 shares of the company’s stock, valued at approximately $206,631.54. The disclosure for this sale can be found here. Insiders sold 150,552 shares of company stock valued at $3,741,754 in the last ninety days.
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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