New York State Common Retirement Fund Boosts Position in Trupanion, Inc. (NASDAQ:TRUP)

New York State Common Retirement Fund lifted its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 80,434 shares of the financial services provider’s stock after purchasing an additional 1,292 shares during the period. New York State Common Retirement Fund’s holdings in Trupanion were worth $2,454,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TRUP. Check Capital Management Inc. CA grew its holdings in shares of Trupanion by 4.7% during the 4th quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 1,075 shares during the period. Louisiana State Employees Retirement System bought a new position in Trupanion in the fourth quarter worth $546,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Trupanion by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock valued at $553,000 after buying an additional 948 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Trupanion by 94.1% during the 4th quarter. AdvisorNet Financial Inc now owns 13,410 shares of the financial services provider’s stock valued at $409,000 after buying an additional 6,500 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Trupanion by 103.1% in the 4th quarter. SG Americas Securities LLC now owns 18,819 shares of the financial services provider’s stock worth $574,000 after buying an additional 9,551 shares during the period.

Trupanion Stock Up 13.5 %

TRUP stock opened at $25.55 on Wednesday. The firm has a market cap of $1.07 billion, a PE ratio of -39.92 and a beta of 1.76. The business has a 50 day moving average of $25.54 and a 200 day moving average of $26.72. Trupanion, Inc. has a twelve month low of $18.45 and a twelve month high of $36.66. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The company had revenue of $306.12 million for the quarter, compared to analysts’ expectations of $300.51 million. During the same period last year, the firm posted ($0.60) earnings per share. Trupanion’s revenue was up 19.4% compared to the same quarter last year. On average, research analysts forecast that Trupanion, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRUP has been the topic of several research reports. Evercore ISI dropped their price objective on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Piper Sandler cut their price target on Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus raised their price objective on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, Canaccord Genuity Group reduced their price objective on Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Trupanion presently has a consensus rating of “Hold” and an average price target of $28.75.

About Trupanion

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.