Trupanion Inc (TRUP) Stake Increased by Morgan Stanley
Morgan Stanley increased its position in Trupanion Inc (NYSE:TRUP) by 56.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,364 shares of the financial services provider’s stock after buying an additional 109,904 shares during the period. Morgan Stanley’s holdings in Trupanion were worth $4,343,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. American International Group Inc. raised its position in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after buying an additional 588 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Trupanion during the first quarter worth approximately $194,000. Alliancebernstein L.P. raised its position in shares of 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 buying an additional 200 shares during the period. AQR Capital Management LLC raised its position in shares of Trupanion by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 22,264 shares of the financial services provider’s stock worth $346,000 after buying an additional 73 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Trupanion during the first quarter worth approximately $427,000.
Shares of Trupanion Inc (NYSE TRUP) traded up 0.45% on Friday, hitting $22.50. The company had a trading volume of 76,176 shares. The firm has a 50-day moving average price of $22.88 and a 200 day moving average price of $18.14. The company’s market capitalization is $674.89 million. Trupanion Inc has a 12-month low of $13.71 and a 12-month high of $25.00.
Trupanion (NYSE:TRUP) last issued its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $58.30 million during the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS. Equities analysts expect that Trupanion Inc will post ($0.10) EPS for the current year.
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A number of research analysts have recently commented on TRUP shares. ValuEngine upgraded Trupanion from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity upped their price target on Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and set a $19.00 price target on shares of Trupanion in a report on Friday, July 14th. BidaskClub lowered Trupanion from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada upped their price target on Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.50.
In related news, major shareholder General Partner Ll Maveron III sold 6,083 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $16.89, for a total value of $102,741.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret Tooth sold 4,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $23.00, for a total value of $103,500.00. Following the completion of the sale, the insider now owns 4,502 shares of the company’s stock, valued at $103,546. The disclosure for this sale can be found here. Insiders sold a total of 46,735 shares of company stock valued at $999,534 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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