Gerber Kawasaki Wealth & Investment Management Has $3.48 Million Holdings in Trupanion Inc (TRUP)
Gerber Kawasaki Wealth & Investment Management raised its position in shares of Trupanion Inc (NASDAQ:TRUP) by 16.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 118,735 shares of the financial services provider’s stock after acquiring an additional 16,629 shares during the period. Trupanion makes up 1.2% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 28th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Trupanion were worth $3,475,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Trupanion in the 3rd quarter worth approximately $325,000. Goldman Sachs Group Inc. acquired a new stake in shares of Trupanion in the 2nd quarter worth approximately $993,000. Swiss National Bank lifted its stake in shares of Trupanion by 21.7% in the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock worth $714,000 after acquiring an additional 5,700 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Trupanion by 43.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,114 shares of the financial services provider’s stock worth $1,681,000 after acquiring an additional 22,888 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Trupanion by 11.1% in the 2nd quarter. Royal Bank of Canada now owns 82,654 shares of the financial services provider’s stock worth $1,850,000 after acquiring an additional 8,239 shares during the period. 63.76% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Ian Moffat sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.06, for a total value of $210,420.00. Following the sale, the chief operating officer now directly owns 7,000 shares in the company, valued at approximately $210,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $34.36, for a total transaction of $120,260.00. Following the completion of the sale, the insider now owns 1,382,976 shares in the company, valued at $47,519,055.36. The disclosure for this sale can be found here. Insiders sold a total of 28,039 shares of company stock worth $868,823 over the last quarter. Insiders own 31.24% of the company’s stock.
A number of analysts have recently weighed in on the stock. CL King assumed coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. BidaskClub downgraded shares of Trupanion from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.83.
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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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