Cerity Partners LLC Takes Position in Trupanion, Inc. (NASDAQ:TRUP)

Cerity Partners LLC acquired a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 470 shares of the financial services provider’s stock, valued at approximately $970,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Trupanion by 235.7% during the 4th quarter. Quadrant Capital Group LLC now owns 940 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 660 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Trupanion by 128.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 584 shares in the last quarter. Captrust Financial Advisors increased its position in Trupanion by 45.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 404 shares in the last quarter. Meeder Asset Management Inc. increased its position in Trupanion by 5,551.8% during the 4th quarter. Meeder Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 3,109 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Trupanion during the 1st quarter worth approximately $152,000.

Insider Activity

In other news, Director Michael Doak sold 8,688 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $29.99, for a total transaction of $260,553.12. Following the completion of the transaction, the director now directly owns 5,866 shares in the company, valued at approximately $175,921.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TRUP. Bank of America downgraded shares of Trupanion from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $72.00 to $32.00 in a research report on Sunday, May 7th. Evercore ISI dropped their target price on shares of Trupanion from $45.00 to $35.00 in a research report on Wednesday, July 5th. Finally, StockNews.com assumed coverage on shares of Trupanion in a research report on Thursday, August 17th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Trupanion has a consensus rating of “Hold” and an average target price of $48.38.

Trupanion Stock Down 1.0 %

Shares of NASDAQ:TRUP opened at $29.42 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -19.88 and a beta of 1.69. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $27.52 and a two-hundred day moving average of $33.98. Trupanion, Inc. has a 52-week low of $18.45 and a 52-week high of $74.86.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, August 3rd. The financial services provider reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.09. The company had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $262.81 million. Trupanion had a negative return on equity of 20.32% and a negative net margin of 6.03%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) EPS. As a group, analysts forecast that Trupanion, Inc. will post -1.57 earnings per share for the current fiscal year.

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, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.