Trupanion Inc (TRUP) Holdings Boosted by First Trust Advisors LP
First Trust Advisors LP raised its position in Trupanion Inc (NASDAQ:TRUP) by 21.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 142,084 shares of the financial services provider’s stock after buying an additional 24,803 shares during the quarter. First Trust Advisors LP’s holdings in Trupanion were worth $5,077,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Trupanion in the 2nd quarter valued at about $100,000. First Mercantile Trust Co. bought a new position in Trupanion in the 2nd quarter valued at about $142,000. US Bancorp DE grew its holdings in shares of Trupanion by 111.8% during the 2nd quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 2,382 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Trupanion during the 2nd quarter valued at approximately $224,000. Finally, S&CO Inc. bought a new stake in shares of Trupanion during the 2nd quarter valued at approximately $232,000. 96.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trupanion stock opened at $26.22 on Tuesday. The company has a market cap of $867.25 million, a P/E ratio of -374.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. Trupanion Inc has a 1 year low of $22.55 and a 1 year high of $46.70.
In other Trupanion news, Director Robin A. Ferracone bought 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $25.60 per share, for a total transaction of $486,400.00. Following the transaction, the director now directly owns 1,502 shares in the company, valued at $38,451.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darryl Rawlings sold 85,053 shares of Trupanion stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $23.61, for a total transaction of $2,008,101.33. Following the sale, the insider now owns 1,555,997 shares in the company, valued at $36,737,089.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,557 shares of company stock worth $4,741,352. 20.70% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine raised shares of Trupanion from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $43.00 price target on shares of Trupanion in a report on Tuesday, November 13th. Lake Street Capital reaffirmed a “buy” rating and set a $46.00 price target (up from $41.00) on shares of Trupanion in a report on Friday, August 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Trupanion from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Trupanion has an average rating of “Buy” and a consensus price target of $44.89.
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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