Alberta Investment Management Corp Takes Position in Trupanion, Inc. (NASDAQ:TRUP)

Alberta Investment Management Corp bought a new stake in Trupanion, Inc. (NASDAQ:TRUP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,200 shares of the financial services provider’s stock, valued at approximately $781,000.

Several other large investors have also modified their holdings of the stock. New York State Common Retirement Fund boosted its holdings in shares of Trupanion by 5.8% in the 4th quarter. New York State Common Retirement Fund now owns 65,191 shares of the financial services provider’s stock valued at $3,142,000 after buying an additional 3,588 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Trupanion by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 163,188 shares of the financial services provider’s stock valued at $7,866,000 after buying an additional 5,412 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Trupanion by 26.6% in the 4th quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock valued at $33,806,000 after buying an additional 147,341 shares in the last quarter. Choreo LLC acquired a new position in shares of Trupanion in the 4th quarter valued at $201,000. Finally, R Squared Ltd acquired a new stake in Trupanion during the 4th quarter worth $79,000.

Trupanion Stock Down 6.9 %

Shares of Trupanion stock opened at $32.95 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of -143.26, a PEG ratio of 6.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. Trupanion, Inc. has a one year low of $19.69 and a one year high of $57.90. The firm has a fifty day moving average of $47.64 and a two-hundred day moving average of $47.87.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $337.31 million for the quarter, compared to analysts’ expectations of $335.41 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. On average, analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Northland Securities increased their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus decreased their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Piper Sandler decreased their price target on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.60.

Insiders Place Their Bets

In other news, SVP Emily Dreyer sold 900 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $54.55, for a total value of $49,095.00. Following the completion of the transaction, the senior vice president now owns 23,808 shares in the company, valued at $1,298,726.40. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 622 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the transaction, the chief financial officer now owns 9,867 shares of the company’s stock, valued at $519,102.87. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,581 shares of company stock worth $615,159. 5.50% of the stock is owned by insiders.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.