Tokio Marine Asset Management Co. Ltd. Has $563,000 Stake in Trupanion, Inc. (NASDAQ:TRUP)

Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 15.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,400 shares of the financial services provider’s stock after selling 2,400 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Trupanion were worth $563,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its stake in shares of Trupanion by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock valued at $863,000 after buying an additional 561 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Trupanion by 12.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,726 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 1,420 shares in the last quarter. Vanguard Group Inc. raised its holdings in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after acquiring an additional 32,485 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Trupanion by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after acquiring an additional 830 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Trupanion by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,441 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRUP shares. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler upped their price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Northland Securities increased their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Bank of America raised their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trupanion presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $52.76 on Friday. Trupanion, Inc. has a one year low of $19.69 and a one year high of $57.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -164.88 and a beta of 1.69. The firm has a 50 day simple moving average of $48.23 and a 200 day simple moving average of $38.22.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. Trupanion’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. Research analysts predict that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Trupanion

In related news, Director Murray B. Low sold 2,000 shares of Trupanion stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total transaction of $105,340.00. Following the sale, the director now directly owns 131,513 shares in the company, valued at $6,926,789.71. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fawwad Qureshi sold 624 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $46.54, for a total transaction of $29,040.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,124 shares of company stock worth $482,981. Insiders own 5.50% of the company’s stock.

Trupanion 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.