United Services Automobile Association Reduces Position in Trupanion Inc (TRUP)

United Services Automobile Association lessened its holdings in Trupanion Inc (NASDAQ:TRUP) by 60.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,625 shares of the financial services provider’s stock after selling 67,200 shares during the quarter. United Services Automobile Association owned approximately 0.14% of Trupanion worth $1,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Trupanion in the 2nd quarter valued at approximately $100,000. Summit Trail Advisors LLC raised its holdings in Trupanion by 2,638.0% in the 1st quarter. Summit Trail Advisors LLC now owns 109,876 shares of the financial services provider’s stock valued at $110,000 after buying an additional 105,863 shares during the last quarter. First Mercantile Trust Co. bought a new position in Trupanion during the 2nd quarter worth approximately $142,000. US Bancorp DE raised its holdings in Trupanion by 111.8% during the 2nd quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in Trupanion during the 2nd quarter worth approximately $224,000. Institutional investors and hedge funds own 93.85% of the company’s stock.

TRUP has been the subject of several analyst reports. Raymond James initiated coverage on shares of Trupanion in a report on Thursday, September 6th. They set an “outperform” rating and a $46.00 price target for the company. Craig Hallum initiated coverage on shares of Trupanion in a report on Thursday, July 19th. They set a “buy” rating and a $55.00 price target for the company. CL King upgraded shares of Trupanion from a “neutral” rating to a “buy” rating in a report on Tuesday, October 2nd. BidaskClub lowered shares of Trupanion from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Stifel Nicolaus raised their price target on shares of Trupanion from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.22.

In other news, Director Murray B. Low sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 189,782 shares of the company’s stock, valued at approximately $7,234,489.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $45.72, for a total transaction of $182,880.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,450 shares of company stock valued at $1,017,999. Insiders own 20.70% of the company’s stock.

Trupanion stock opened at $27.08 on Friday. The company has a market cap of $959.90 million, a price-to-earnings ratio of -386.86 and a beta of 0.60. Trupanion Inc has a 52-week low of $25.50 and a 52-week high of $46.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.04 and a quick ratio of 3.04.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $73.39 million during 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 quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Analysts forecast that Trupanion Inc will post -0.08 earnings per share 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.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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