New Jersey Better Educational Savings Trust Purchases New Position in Trupanion Inc (TRUP)

New Jersey Better Educational Savings Trust purchased a new stake in Trupanion Inc (NYSE:TRUP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the financial services provider’s stock, valued at approximately $528,000. New Jersey Better Educational Savings Trust owned about 0.07% of Trupanion at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American International Group Inc. lifted its stake in Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 588 shares during the last quarter. Bank of Montreal Can lifted its stake 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 valued at $201,000 after acquiring an additional 6,834 shares during the last quarter. Voya Investment Management LLC acquired a new stake in Trupanion in the second quarter valued at $215,000. Alliancebernstein L.P. lifted its stake in Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Trupanion by 13.5% in the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,342 shares during the last quarter.

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Shares of Trupanion Inc (NYSE:TRUP) opened at 27.92 on Friday. The firm’s market cap is $837.46 million. The stock’s 50 day moving average is $26.05 and its 200-day moving average is $21.79. Trupanion Inc has a 1-year low of $13.71 and a 1-year high of $28.96.

Trupanion (NYSE:TRUP) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $58.30 million during the quarter, compared to analyst estimates of $57.58 million. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Analysts expect that Trupanion Inc will post ($0.09) earnings per share for the current year.

In related news, COO Ian Moffat sold 8,552 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $23.20, for a total transaction of $198,406.40. Following the completion of the transaction, the chief operating officer now owns 8,552 shares in the company, valued at $198,406.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Howard E. Rubin sold 100,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $25.90, for a total transaction of $2,590,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,052 shares of company stock valued at $3,662,969.

A number of analysts have commented on the stock. Canaccord Genuity increased their price target on shares of Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price target (up previously from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Royal Bank Of Canada increased their price target on shares of Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. BidaskClub cut shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target (up previously from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Trupanion presently has a consensus rating of “Buy” and an average target price of $26.50.

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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Institutional Ownership by Quarter for Trupanion (NYSE:TRUP)

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