NJ State Employees Deferred Compensation Plan Invests $1.06 Million in Trupanion Inc (TRUP)

NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Trupanion Inc (NYSE:TRUP) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the financial services provider’s stock, valued at approximately $1,056,000. NJ State Employees Deferred Compensation Plan owned 0.13% of Trupanion as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors increased its position in shares of Trupanion by 1.7% in the second quarter. Capital World Investors now owns 2,380,800 shares of the financial services provider’s stock worth $53,282,000 after purchasing an additional 40,500 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Trupanion by 2.4% in the third quarter. Baillie Gifford & Co. now owns 1,005,983 shares of the financial services provider’s stock worth $26,568,000 after purchasing an additional 23,610 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Trupanion by 16.6% in the second quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock worth $16,977,000 after purchasing an additional 108,135 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Trupanion by 17.8% in the second quarter. Handelsbanken Fonder AB now owns 530,000 shares of the financial services provider’s stock worth $11,861,000 after purchasing an additional 80,000 shares during the last quarter. Finally, State Street Corp increased its position in shares of Trupanion by 54.4% in the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock worth $7,752,000 after purchasing an additional 121,990 shares during the last quarter.

In other Trupanion news, COO Ian Moffat sold 8,552 shares of Trupanion stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $23.20, for a total value of $198,406.40. Following the sale, the chief operating officer now owns 8,552 shares of the company’s stock, valued at approximately $198,406.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Margaret Tooth sold 4,500 shares of Trupanion stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $23.00, for a total value of $103,500.00. Following the completion of the sale, the insider now directly owns 4,502 shares in the company, valued at approximately $103,546. The disclosure for this sale can be found here. Insiders have sold a total of 147,052 shares of company stock worth $3,662,969 in the last three months.

TRUP has been the topic of several research analyst reports. BidaskClub cut shares of Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Canaccord Genuity upped their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $19.00 price objective on shares of Trupanion in a research report on Friday, July 14th. Zacks Investment Research cut shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada upped their price objective on shares of Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.50.

Shares of Trupanion Inc (TRUP) traded down 0.408% during mid-day trading on Wednesday, reaching $28.045. The company’s stock had a trading volume of 140,197 shares. The stock’s market capitalization is $841.21 million. The company’s 50-day moving average price is $26.37 and its 200-day moving average price is $22.04. Trupanion Inc has a 12-month low of $13.71 and a 12-month high of $28.96.

Trupanion (NYSE:TRUP) last issued its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. On average, equities research analysts forecast that Trupanion Inc will post ($0.09) earnings per share for the current fiscal year.

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Trupanion Company Profile

Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.

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Institutional Ownership by Quarter for Trupanion (NYSE:TRUP)

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