TIAA CREF Investment Management LLC Boosts Stake in Trupanion Inc (TRUP)

TIAA CREF Investment Management LLC lifted its position in shares of Trupanion Inc (NYSE:TRUP) by 43.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,114 shares of the financial services provider’s stock after buying an additional 22,888 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.25% of Trupanion worth $1,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American International Group Inc. lifted its holdings in shares of Trupanion by 7.1% during 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 in the last quarter. Bank of Montreal Can lifted its holdings in shares of Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Trupanion by 13.5% during the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,342 shares in the last quarter. Alliancebernstein L.P. raised 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 purchasing an additional 200 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Trupanion by 57.9% in the second quarter. Rhumbline Advisers now owns 23,944 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 8,777 shares in the last quarter.

Trupanion Inc (TRUP) opened at $31.72 on Friday.

Trupanion (NYSE:TRUP) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The firm had revenue of $63.12 million for the quarter, compared to the consensus estimate of $61.44 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis.

A number of research firms recently commented on TRUP. BidaskClub raised Trupanion from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded Trupanion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Trupanion in a research note on Tuesday. Cowen and Company reaffirmed 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. Finally, Stifel Nicolaus reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.50.

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In related news, Director Howard E. Rubin sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.90, for a total transaction of $2,590,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $23.75, for a total transaction of $83,125.00. Following the transaction, the insider now directly owns 1,446,005 shares in the company, valued at $34,342,618.75. The disclosure for this sale can be found here. Insiders have sold 134,000 shares of company stock worth $3,361,063 over the last ninety days.

Trupanion 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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