Voya Investment Management LLC Invests $215,000 in Trupanion, Inc. (TRUP)

Voya Investment Management LLC acquired a new position in Trupanion, Inc. (NASDAQ:TRUP) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 9,603 shares of the financial services provider’s stock, valued at approximately $215,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its position in shares of Trupanion by 12.3% in the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock worth $21,985,000 after buying an additional 107,373 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trupanion by 16.6% in the 2nd quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock worth $16,977,000 after buying an additional 108,135 shares in the last quarter. Morgan Stanley boosted its position in shares of Trupanion by 56.2% in the 1st quarter. Morgan Stanley now owns 305,364 shares of the financial services provider’s stock worth $4,343,000 after buying an additional 109,904 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Trupanion by 30.0% in the 1st quarter. Renaissance Technologies LLC now owns 278,700 shares of the financial services provider’s stock worth $3,963,000 after buying an additional 64,300 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Trupanion by 55.2% in the 2nd quarter. Northern Trust Corp now owns 255,398 shares of the financial services provider’s stock worth $5,715,000 after buying an additional 90,790 shares in the last quarter. Institutional investors and hedge funds own 62.40% of the company’s stock.

Several equities research analysts recently commented on TRUP shares. BidaskClub lowered shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada boosted 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. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective (up from $18.00) on shares of Trupanion in a research report on Wednesday, August 2nd. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price objective (up from $19.00) on shares of Trupanion in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity boosted 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.83.

Trupanion, Inc. (NASDAQ TRUP) opened at $30.39 on Monday. Trupanion, Inc. has a one year low of $13.71 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. equities analysts forecast that Trupanion, Inc. will post -0.04 EPS for the current fiscal year.

In related news, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $21.13, for a total value of $73,955.00. Following the completion of the transaction, the insider now owns 1,449,505 shares of the company’s stock, valued at approximately $30,628,040.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tricia Plouf sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.11, for a total transaction of $32,110.00. Following the completion of the transaction, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at approximately $449,540. The disclosure for this sale can be found here. Insiders sold a total of 117,000 shares of company stock valued at $3,007,035 in the last three months. 31.24% of the stock is currently owned by corporate insiders.

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Trupanion 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 (NASDAQ:TRUP)

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