Summit Trail Advisors LLC Increases Holdings in Trupanion Inc (TRUP)

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Summit Trail Advisors LLC raised its position in shares of Trupanion Inc (NASDAQ:TRUP) by 2,638.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,876 shares of the financial services provider’s stock after buying an additional 105,863 shares during the quarter. Summit Trail Advisors LLC owned about 0.35% of Trupanion worth $110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in Trupanion during the fourth quarter valued at approximately $182,000. Check Capital Management Inc. CA acquired a new stake in Trupanion during the first quarter valued at approximately $200,000. Oppenheimer & Co. Inc. acquired a new stake in Trupanion during the first quarter valued at approximately $223,000. Bluestein R H & Co. acquired a new stake in Trupanion during the first quarter valued at approximately $284,000. Finally, PEAK6 Investments L.P. acquired a new stake in Trupanion during the fourth quarter valued at approximately $289,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.

In related news, CMO Margaret Tooth sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $27.04, for a total value of $40,560.00. Following the completion of the transaction, the chief marketing officer now directly owns 1,502 shares of the company’s stock, valued at approximately $40,614.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $39.17, for a total value of $156,680.00. Following the completion of the transaction, the insider now directly owns 1,351,976 shares of the company’s stock, valued at $52,956,899.92. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $747,490 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Several analysts have issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $40.00 price objective on shares of Trupanion in a research note on Wednesday, May 2nd. BidaskClub raised Trupanion from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine raised Trupanion from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Finally, Zacks Investment Research raised Trupanion from a “strong sell” rating to a “hold” rating in a report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $36.29.

Trupanion opened at $38.60 on Friday, MarketBeat.com reports. The company has a market cap of $1.18 billion, a PE ratio of -551.43 and a beta of 0.66. Trupanion Inc has a 52 week low of $20.52 and a 52 week high of $42.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.88.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Tuesday, May 1st. The financial services provider reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The company had revenue of $69.76 million for the quarter, compared to the consensus estimate of $69.12 million. Trupanion had a negative net margin of 0.58% and a negative return on equity of 6.54%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. equities research analysts anticipate that Trupanion Inc will post -0.12 EPS for the current year.

Trupanion Company 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.

Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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