Texas Permanent School Fund Corp Grows Stock Holdings in Trupanion, Inc. $TRUP

Texas Permanent School Fund Corp increased its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 111.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,468 shares of the financial services provider’s stock after purchasing an additional 33,483 shares during the period. Texas Permanent School Fund Corp’s holdings in Trupanion were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRUP. AlphaQuest LLC boosted its holdings in Trupanion by 940.6% in the first quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 950 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Trupanion by 44.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after buying an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Trupanion by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider’s stock worth $83,000 after buying an additional 235 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Trupanion by 30.1% in the second quarter. GAMMA Investing LLC now owns 2,133 shares of the financial services provider’s stock worth $118,000 after buying an additional 494 shares during the last quarter. Finally, Lake Hills Wealth Management LLC acquired a new stake in Trupanion during the second quarter worth about $204,000.

Trupanion Stock Up 1.6%

Shares of TRUP opened at $38.48 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 106.89 and a beta of 1.62. Trupanion, Inc. has a 12 month low of $31.00 and a 12 month high of $57.88. The stock’s 50 day moving average is $38.94 and its two-hundred day moving average is $45.07. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). The business had revenue of $366.92 million for the quarter, compared to analysts’ expectations of $361.58 million. Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. Analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Stifel Nicolaus decreased their target price on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trupanion in a report on Monday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.00.

Insider Activity

In other news, CEO Margaret Tooth sold 9,803 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.31, for a total transaction of $346,143.93. Following the completion of the sale, the chief executive officer owned 151,899 shares of the company’s stock, valued at $5,363,553.69. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John R. Gallagher sold 6,383 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $34.82, for a total transaction of $222,256.06. Following the transaction, the chief operating officer owned 32,721 shares of the company’s stock, valued at approximately $1,139,345.22. This trade represents a 16.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,233 shares of company stock worth $1,552,045 over the last 90 days. 5.42% of the stock is currently owned by company insiders.

Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.