Hanseatic Management Services Inc. Invests $538,000 in Trupanion, Inc. (NASDAQ:TRUP)

Hanseatic Management Services Inc. acquired a new stake in Trupanion, Inc. (NASDAQ:TRUP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,806 shares of the financial services provider’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Trupanion by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 500 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Trupanion by 1.8% during 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. GAMMA Investing LLC raised its holdings in shares of Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 596 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 685 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Trupanion by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 830 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TRUP shares. Piper Sandler boosted their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, September 20th. William Blair started coverage on Trupanion in a research report on Friday, July 19th. They issued an “outperform” rating for the company. Stifel Nicolaus raised their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Insider Activity

In related news, CEO Margaret Tooth sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares in the company, valued at $4,647,256.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 640 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $43.12, for a total transaction of $27,596.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,764 shares of company stock valued at $405,238. Company insiders own 5.50% of the company’s stock.

Trupanion Stock Down 1.8 %

TRUP stock opened at $50.21 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. The stock has a market capitalization of $2.13 billion, a PE ratio of -156.91 and a beta of 1.69. The firm has a 50 day moving average of $47.26 and a 200 day moving average of $36.93.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share. Sell-side analysts forecast that Trupanion, Inc. will post -0.34 earnings per share for the current year.

Trupanion Company 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.