State Board of Administration of Florida Retirement System Has $514,000 Position in Trupanion Inc (TRUP)

Share on StockTwits

State Board of Administration of Florida Retirement System boosted its position in shares of Trupanion Inc (NASDAQ:TRUP) by 15.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,322 shares of the financial services provider’s stock after acquiring an additional 1,811 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Trupanion were worth $514,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Boston Advisors LLC grew its position in Trupanion by 16.2% during the second quarter. Boston Advisors LLC now owns 8,070 shares of the financial services provider’s stock valued at $312,000 after buying an additional 1,127 shares during the period. Swiss National Bank grew its position in Trupanion by 6.3% during the first quarter. Swiss National Bank now owns 33,910 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 2,000 shares during the period. Rhumbline Advisers grew its position in Trupanion by 9.9% during the second quarter. Rhumbline Advisers now owns 22,407 shares of the financial services provider’s stock valued at $865,000 after buying an additional 2,015 shares during the period. Northern Trust Corp grew its position in Trupanion by 1.3% during the first quarter. Northern Trust Corp now owns 246,676 shares of the financial services provider’s stock valued at $7,373,000 after buying an additional 3,059 shares during the period. Finally, Check Capital Management Inc. CA grew its position in Trupanion by 47.8% during the second quarter. Check Capital Management Inc. CA now owns 9,900 shares of the financial services provider’s stock valued at $382,000 after buying an additional 3,200 shares during the period. Institutional investors own 94.00% of the company’s stock.

TRUP opened at $36.29 on Thursday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -518.43 and a beta of 0.59. Trupanion Inc has a 52-week low of $20.52 and a 52-week high of $46.70.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $73.39 million for the quarter, compared to the consensus estimate of $72.70 million. Trupanion had a negative net margin of 0.84% and a negative return on equity of 4.43%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. research analysts anticipate that Trupanion Inc will post -0.09 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Lake Street Capital restated a “buy” rating and set a $46.00 price target (up previously from $41.00) on shares of Trupanion in a research report on Friday, August 3rd. Canaccord Genuity raised their price target on shares of Trupanion from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Stifel Nicolaus raised their price target on shares of Trupanion from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Trupanion has a consensus rating of “Buy” and a consensus target price of $45.13.

In other Trupanion news, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction on Friday, June 15th. The shares were sold at an average price of $39.17, for a total transaction of $156,680.00. Following the transaction, the insider now directly owns 1,351,976 shares of the company’s stock, valued at $52,956,899.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Murray B. Low sold 3,000 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $38.12, for a total transaction of $114,360.00. Following the transaction, the director now directly owns 189,782 shares in the company, valued at $7,234,489.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,300 shares of company stock worth $920,002. Insiders own 20.70% of the company’s stock.

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.

Featured Story: Average Daily Trade Volume – What You Need to Know

Want to see what other hedge funds are holding TRUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trupanion Inc (NASDAQ:TRUP).

Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply