State of Wyoming Invests $452,000 in Trupanion, Inc. $TRUP

State of Wyoming bought a new position in shares of Trupanion, Inc. (NASDAQ:TRUP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,257 shares of the financial services provider’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRUP. Millennium Management LLC boosted its stake in Trupanion by 185.8% in the 3rd quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider’s stock worth $26,790,000 after purchasing an additional 402,421 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Trupanion by 116.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider’s stock valued at $17,826,000 after buying an additional 256,559 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Trupanion by 3,201.0% in the third quarter. Two Sigma Investments LP now owns 224,433 shares of the financial services provider’s stock worth $9,713,000 after buying an additional 217,634 shares in the last quarter. Polar Capital Holdings Plc lifted its holdings in shares of Trupanion by 13.5% in the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after buying an additional 175,000 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Trupanion by 15.5% during the third quarter. Marshall Wace LLP now owns 1,212,151 shares of the financial services provider’s stock worth $52,462,000 after acquiring an additional 163,101 shares during the last quarter.

Insider Buying and Selling at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 78,062 shares in the company, valued at $1,717,364. This represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Fawwad Qureshi sold 6,177 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total value of $137,005.86. Following the completion of the sale, the chief financial officer directly owned 2,081 shares of the company’s stock, valued at $46,156.58. The trade was a 74.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 18,785 shares of company stock worth $422,862 in the last 90 days. 5.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Trupanion Trading Down 2.0%

Shares of TRUP opened at $29.99 on Tuesday. The stock has a market capitalization of $1.32 billion, a PE ratio of 56.59, a P/E/G ratio of 2.20 and a beta of 1.39. The company’s fifty day moving average is $25.72 and its 200 day 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 fifty-two week low of $21.16 and a fifty-two week high of $49.26.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. The business had revenue of $392.93 million during the quarter, compared to analyst estimates of $389.72 million. During the same quarter last year, the business earned $0.22 earnings per share. Trupanion’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts expect that Trupanion, Inc. will post 0.59 earnings per share for the current fiscal year.

Trupanion Profile

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.