Trupanion Inc (NASDAQ:TRUP) Stock Holdings Lowered by United Services Automobile Association

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United Services Automobile Association reduced its holdings in Trupanion Inc (NASDAQ:TRUP) by 8.3% during the second quarter, Holdings Channel reports. The firm owned 41,956 shares of the financial services provider’s stock after selling 3,800 shares during the period. United Services Automobile Association’s holdings in Trupanion were worth $1,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRUP. Clearbridge Investments LLC raised its holdings in shares of Trupanion by 38.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock worth $39,959,000 after purchasing an additional 339,812 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Trupanion in the 1st quarter worth approximately $5,702,000. Bank of America Corp DE raised its holdings in shares of Trupanion by 145.2% in the 2nd quarter. Bank of America Corp DE now owns 246,337 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 145,886 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Trupanion in the 2nd quarter worth approximately $4,142,000. Finally, BlackRock Inc. increased its position in shares of Trupanion by 5.6% in the second quarter. BlackRock Inc. now owns 1,898,456 shares of the financial services provider’s stock worth $68,592,000 after acquiring an additional 100,432 shares in the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.

In related news, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.92, for a total transaction of $95,680.00. Following the transaction, the chief executive officer now directly owns 1,462,499 shares of the company’s stock, valued at $34,982,976.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,900 shares of company stock worth $581,471 over the last ninety days. 13.61% of the stock is currently owned by insiders.

Several research firms have recently weighed in on TRUP. ValuEngine downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada set a $38.00 target price on shares of Trupanion and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Craig Hallum downgraded shares of Trupanion from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Friday, August 16th. Northland Securities reissued a “buy” rating and issued a $40.00 target price on shares of Trupanion in a research report on Wednesday, July 31st. Finally, TheStreet downgraded shares of Trupanion from a “c” rating to a “d+” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Trupanion currently has a consensus rating of “Buy” and a consensus target price of $37.50.

Trupanion stock opened at $21.73 on Wednesday. The firm’s 50 day simple moving average is $24.97 and its 200-day simple moving average is $30.74. The company has a market cap of $755.99 million, a P/E ratio of -724.33 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.80. Trupanion Inc has a fifty-two week low of $21.41 and a fifty-two week high of $37.13.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. The company had revenue of $92.20 million for the quarter, compared to analysts’ expectations of $91.17 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect that Trupanion Inc will post -0.12 EPS for the current fiscal year.

Trupanion Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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