Baillie Gifford & Co. Sells 130,450 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Baillie Gifford & Co. lowered its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 18.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 565,800 shares of the financial services provider's stock after selling 130,450 shares during the quarter. Baillie Gifford & Co. owned about 1.35% of Trupanion worth $16,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its position in Trupanion by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider's stock valued at $535,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC raised its stake in shares of Trupanion by 160.2% during the second quarter. SG Americas Securities LLC now owns 71,012 shares of the financial services provider's stock valued at $2,088,000 after purchasing an additional 43,720 shares in the last quarter. 8 Knots Management LLC lifted its holdings in Trupanion by 87.0% in the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider's stock worth $35,824,000 after purchasing an additional 603,775 shares during the period. Bayesian Capital Management LP acquired a new position in Trupanion during the 1st quarter valued at about $253,000. Finally, Price T Rowe Associates Inc. MD raised its position 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 buying an additional 1,441 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on TRUP shares. Canaccord Genuity Group lowered their price objective on shares of Trupanion from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, May 3rd. Evercore ISI raised Trupanion to a "strong-buy" rating in a research note on Friday, August 9th. Stifel Nicolaus reaffirmed a "hold" rating and set a $30.00 target price (up from $22.00) on shares of Trupanion in a report on Friday, August 9th. Bank of America raised shares of Trupanion from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $49.00 in a report on Thursday, May 16th. Finally, Northland Securities lifted their price objective on shares of Trupanion from $30.00 to $35.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.17.

Trupanion Trading Up 2.7 %

TRUP traded up $1.24 during trading on Friday, reaching $46.63. The company had a trading volume of 433,115 shares, compared to its average volume of 710,255. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.63. Trupanion, Inc. has a 12-month low of $19.14 and a 12-month high of $47.27. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -72.86 and a beta of 1.77. The firm's 50-day simple moving average is $33.95 and its 200 day simple moving average is $29.29.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The business had revenue of $314.80 million for the quarter, compared to analyst estimates of $309.33 million. During the same quarter in the previous year, the business earned ($0.33) earnings per share. The firm's revenue was up 16.3% compared to the same quarter last year. Equities research analysts anticipate that Trupanion, Inc. will post -0.41 earnings per share for the current year.

Insider Buying and Selling at Trupanion

In related news, EVP Steve Weinrauch sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. Following the completion of the sale, the executive vice president now directly owns 55,896 shares of the company's stock, valued at approximately $1,640,547.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Melissa Joy Hewitt sold 1,200 shares of the company's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.04, for a total value of $36,048.00. Following the transaction, the insider now directly owns 6,105 shares of the company's stock, valued at $183,394.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steve Weinrauch sold 1,000 shares of Trupanion stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $29.35, for a total value of $29,350.00. Following the sale, the executive vice president now directly owns 55,896 shares of the company's stock, valued at approximately $1,640,547.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,840 shares of company stock valued at $92,995 in the last three months. 5.50% of the stock is currently owned by company insiders.

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.