The Manufacturers Life Insurance Company increased its stake in Trupanion, Inc. (NASDAQ:TRUP) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,524 shares of the financial services provider’s stock after purchasing an additional 4,461 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Trupanion were worth $2,477,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of TRUP. Russell Investments Group Ltd. bought a new stake in Trupanion in the first quarter worth about $135,000. Teacher Retirement System of Texas grew its stake in Trupanion by 22.7% during the 1st quarter. Teacher Retirement System of Texas now owns 3,303 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 611 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Trupanion by 103.0% in the 1st quarter. JPMorgan Chase & Co. now owns 112,552 shares of the financial services provider’s stock valued at $8,578,000 after buying an additional 57,098 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Trupanion in the 1st quarter valued at approximately $391,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Trupanion by 0.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,572 shares of the financial services provider’s stock valued at $1,949,000 after buying an additional 215 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Tricia Plouf sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 30th. The shares were sold at an average price of $79.81, for a total transaction of $279,335.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gavin Friedman sold 400 shares of the business’s stock in a transaction dated Friday, October 1st. The stock was sold at an average price of $78.30, for a total transaction of $31,320.00. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $3,132,142 in the last quarter. Insiders own 6.77% of the company’s stock.
Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, August 5th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.06). The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $165.03 million. Trupanion had a negative return on equity of 9.05% and a negative net margin of 4.65%. As a group, equities research analysts forecast that Trupanion, Inc. will post -0.89 EPS for the current year.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Trupanion from a “sell” rating to a “hold” rating in a research report on Saturday, August 7th. Piper Sandler assumed coverage on shares of Trupanion in a report on Wednesday, October 6th. They set an “overweight” rating and a $110.00 price objective for the company. Finally, TheStreet upgraded shares of Trupanion from a “d+” rating to a “c” rating in a report on Tuesday, June 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $127.50.
Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the following segments: Subscription Business and Other Business. The Subscription Business segment involves in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members and contracts include multiple pets.
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