New York State Common Retirement Fund Sells 72,225 Shares of Trupanion, Inc. $TRUP

New York State Common Retirement Fund lessened its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 86.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,705 shares of the financial services provider’s stock after selling 72,225 shares during the period. New York State Common Retirement Fund’s holdings in Trupanion were worth $507,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in shares of Trupanion in the 3rd quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Trupanion in the 3rd quarter valued at $39,000. Nisa Investment Advisors LLC grew its position in Trupanion by 44.1% in the second quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 300 shares during the period. AlphaQuest LLC grew its position in Trupanion by 181.4% in the second quarter. AlphaQuest LLC now owns 2,957 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,906 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in Trupanion during the third quarter worth $199,000.

Wall Street Analysts Forecast Growth

TRUP has been the topic of several recent analyst reports. Piper Sandler reduced their target price on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, December 19th. Zacks Research upgraded shares of Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Cantor Fitzgerald decreased their price objective on shares of Trupanion from $50.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Stifel Nicolaus cut their target price on shares of Trupanion from $42.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trupanion currently has an average rating of “Moderate Buy” and an average target price of $50.00.

Insider Activity at Trupanion

In other news, CFO Fawwad Qureshi sold 6,202 shares of Trupanion stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.45, for a total value of $219,860.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John R. Gallagher sold 6,383 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $34.82, for a total value of $222,256.06. Following the sale, the chief operating officer owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. The trade was a 16.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,853 shares of company stock valued at $1,181,863 over the last quarter. Corporate insiders own 5.42% of the company’s stock.

Trupanion Trading Up 1.0%

Shares of NASDAQ TRUP opened at $33.09 on Wednesday. Trupanion, Inc. has a 1-year low of $30.54 and a 1-year high of $57.88. The company has a 50-day moving average of $35.22 and a two-hundred day moving average of $40.36. The company has a market cap of $1.43 billion, a PE ratio of 91.92 and a beta of 1.58. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

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.