Redmond Asset Management LLC acquired a new stake in shares of Trupanion Inc (NASDAQ:TRUP) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 16,819 shares of the financial services provider’s stock, valued at approximately $608,000.

Other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in Trupanion by 3.0% in the 1st quarter. Baillie Gifford & Co. now owns 1,332,260 shares of the financial services provider’s stock worth $43,618,000 after purchasing an additional 39,219 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Trupanion by 38.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock worth $39,959,000 after purchasing an additional 339,812 shares in the last quarter. RV Capital GmbH lifted its holdings in Trupanion by 3.0% in the 1st quarter. RV Capital GmbH now owns 608,400 shares of the financial services provider’s stock worth $19,919,000 after purchasing an additional 17,700 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Trupanion by 12.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 540,000 shares of the financial services provider’s stock worth $17,680,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Trupanion by 3.1% in the 1st quarter. Royce & Associates LP now owns 340,592 shares of the financial services provider’s stock worth $11,151,000 after purchasing an additional 10,200 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

TRUP has been the topic of a number of research analyst reports. BidaskClub cut Trupanion from a “buy” rating to a “hold” rating in a report on Friday, July 19th. ValuEngine raised Trupanion from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. Zacks Investment Research cut Trupanion from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. TheStreet cut Trupanion from a “c” rating to a “d+” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada set a $38.00 price target on Trupanion and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Trupanion has a consensus rating of “Buy” and an average target price of $40.33.

Shares of TRUP traded up $0.11 during mid-day trading on Thursday, hitting $29.60. 3,551 shares of the stock were exchanged, compared to its average volume of 201,998. The stock has a market cap of $1.06 billion, a P/E ratio of -987.67 and a beta of 1.31. Trupanion Inc has a 52-week low of $22.38 and a 52-week high of $40.26. The stock has a 50-day simple moving average of $33.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.15.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $92.20 million for the quarter, compared to analysts’ expectations of $91.17 million. Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. On average, analysts predict that Trupanion Inc will post -0.12 EPS for the current fiscal year.

In other news, CRO Margaret Tooth sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $34.69, for a total transaction of $26,017.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dan Levitan sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $29.56, for a total value of $443,400.00. Following the transaction, the director now directly owns 73,487 shares in the company, valued at approximately $2,172,275.72. The disclosure for this sale can be found here. Insiders have sold a total of 47,850 shares of company stock worth $1,510,083 over the last ninety days. Insiders own 13.61% of the company’s stock.

About Trupanion

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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