California Public Employees Retirement System boosted its stake in shares of Trupanion Inc (NASDAQ:TRUP) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,509 shares of the financial services provider’s stock after buying an additional 3,309 shares during the period. California Public Employees Retirement System’s holdings in Trupanion were worth $1,202,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Trupanion during the 3rd quarter valued at $325,000. Goldman Sachs Group Inc. purchased a new stake in Trupanion during the 2nd quarter valued at $993,000. San Francisco Sentry Investment Group CA purchased a new stake in Trupanion during the 2nd quarter valued at $2,972,000. Swiss National Bank raised its holdings in Trupanion by 21.7% during the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock valued at $714,000 after buying an additional 5,700 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in Trupanion by 43.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,114 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 22,888 shares during the period. Institutional investors own 63.21% of the company’s stock.
In other news, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $34.08, for a total transaction of $119,280.00. Following the transaction, the insider now owns 1,386,476 shares of the company’s stock, valued at approximately $47,251,102.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Asher Bearman sold 4,039 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $28.40, for a total value of $114,707.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,539 shares of company stock worth $780,673. Insiders own 31.24% of the company’s stock.
Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The business had revenue of $63.12 million for the quarter, compared to analyst estimates of $61.44 million. During the same quarter last year, the firm posted ($0.06) earnings per share. The business’s revenue was up 30.5% compared to the same quarter last year. sell-side analysts expect that Trupanion Inc will post -0.04 EPS for the current year.
Several analysts recently weighed in on the company. CL King assumed coverage on Trupanion in a report on Tuesday, November 21st. They set a “neutral” rating on the stock. BidaskClub lowered Trupanion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $28.83.
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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