State of Wyoming Takes Position in Trupanion, Inc. $TRUP

State of Wyoming bought a new position in Trupanion, Inc. (NASDAQ:TRUP) in the 2nd quarter, Holdings Channel reports. The firm bought 18,257 shares of the financial services provider’s stock, valued at approximately $452,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new stake in Trupanion in the 2nd quarter worth about $42,000. GSA Capital Partners LLP purchased a new position in shares of Trupanion during the second quarter valued at approximately $1,394,000. Kopion Asset Management LLC boosted its position in shares of Trupanion by 30.9% during the second quarter. Kopion Asset Management LLC now owns 522,999 shares of the financial services provider’s stock valued at $12,955,000 after buying an additional 123,308 shares during the period. Parallel Advisors LLC grew its stake in shares of Trupanion by 1,831.9% during the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,722 shares during the last quarter. Finally, Liontrust Investment Partners LLP raised its holdings in shares of Trupanion by 23.8% in the first quarter. Liontrust Investment Partners LLP now owns 60,650 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 11,658 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRUP. Stifel Nicolaus set a $28.00 price target on Trupanion in a research note on Friday, June 26th. Zacks Research raised Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Atlantic Securities set a $42.00 target price on Trupanion in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.60.

Trupanion Stock Performance

Shares of NASDAQ:TRUP opened at $29.99 on Tuesday. The firm’s 50 day simple moving average is $25.72 and its 200-day simple moving average is $26.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. Trupanion, Inc. has a one year low of $21.16 and a one year high of $49.26. The firm has a market cap of $1.32 billion, a PE ratio of 56.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $392.93 million for the quarter, compared to analysts’ expectations of $389.72 million. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.Trupanion’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. As a group, equities analysts predict that Trupanion, Inc. will post 0.59 EPS for the current year.

Insider Transactions at Trupanion

In other news, EVP Steve Weinrauch sold 6,674 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $22.00, for a total transaction of $146,828.00. Following the transaction, the executive vice president owned 78,062 shares of the company’s stock, valued at approximately $1,717,364. This represents a 7.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret Tooth sold 978 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.05, for a total value of $28,410.90. Following the transaction, the chief executive officer owned 175,401 shares in the company, valued at approximately $5,095,399.05. This represents a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,785 shares of company stock worth $422,862 over the last quarter. 5.58% of the stock is owned by corporate insiders.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.