Quantbot Technologies LP Has $234,000 Stake in Trupanion, Inc. $TRUP

Quantbot Technologies LP lowered its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 83.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,410 shares of the financial services provider’s stock after selling 27,516 shares during the quarter. Quantbot Technologies LP’s holdings in Trupanion were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd acquired a new position in Trupanion during the third quarter worth $271,000. Fox Run Management L.L.C. grew its holdings in shares of Trupanion by 104.2% during the third quarter. Fox Run Management L.L.C. now owns 22,583 shares of the financial services provider’s stock valued at $977,000 after buying an additional 11,523 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Trupanion by 827.3% during the third quarter. GSA Capital Partners LLP now owns 44,584 shares of the financial services provider’s stock worth $1,930,000 after acquiring an additional 39,776 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Trupanion by 21.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 478 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Trupanion by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 130,809 shares of the financial services provider’s stock worth $5,661,000 after acquiring an additional 15,551 shares during the last quarter.

Insiders Place Their Bets

In related news, COO John R. Gallagher sold 5,283 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $26.52, for a total transaction of $140,105.16. Following the completion of the sale, the chief operating officer directly owned 32,387 shares of the company’s stock, valued at approximately $858,903.24. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Margaret Tooth sold 9,605 shares of Trupanion stock in a transaction on Friday, December 19th. The stock was sold at an average price of $37.88, for a total value of $363,837.40. Following the sale, the chief executive officer owned 150,294 shares in the company, valued at $5,693,136.72. This trade represents a 6.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,107 shares of company stock worth $949,347 over the last 90 days. 5.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRUP. Wall Street Zen cut shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Piper Sandler decreased their price objective on Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Stifel Nicolaus lowered their price objective on Trupanion from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Weiss Ratings lowered Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Finally, Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.50.

Trupanion Stock Up 2.1%

TRUP opened at $25.70 on Thursday. Trupanion, Inc. has a fifty-two week low of $24.53 and a fifty-two week high of $57.88. The firm has a market capitalization of $1.12 billion, a P/E ratio of 57.11 and a beta of 1.62. The company’s 50-day moving average is $31.23 and its 200 day moving average is $37.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.69.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $376.85 million during the quarter, compared to the consensus estimate of $375.89 million. Trupanion had a return on equity of 5.39% and a net margin of 1.35%.The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. Research analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

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.