Trupanion, Inc. (NASDAQ:TRUP) Stake Boosted by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 173.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,553 shares of the financial services provider's stock after purchasing an additional 27,644 shares during the period. AQR Capital Management LLC owned 0.10% of Trupanion worth $1,280,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Trupanion by 34.6% during the fourth quarter. Wellington Management Group LLP now owns 2,453,685 shares of the financial services provider's stock valued at $74,862,000 after buying an additional 630,155 shares during the period. 8 Knots Management LLC lifted its stake in shares of Trupanion by 87.0% during the 1st 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. Renaissance Technologies LLC acquired a new stake in shares of Trupanion during the second quarter worth $4,739,000. Hosking Partners LLP purchased a new stake in shares of Trupanion in the second quarter valued at $3,523,000. Finally, Marshall Wace LLP increased its stake in Trupanion by 11.9% in the second quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider's stock valued at $32,181,000 after purchasing an additional 116,496 shares during the last quarter.

Trupanion Stock Up 4.2 %

Shares of NASDAQ:TRUP traded up $1.97 during midday trading on Friday, hitting $49.03. 438,675 shares of the company's stock traded hands, compared to its average volume of 682,035. The firm's fifty day moving average price is $42.87 and its two-hundred day moving average price is $33.19. 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 twelve month low of $19.14 and a twelve month high of $49.67. The company has a market cap of $2.07 billion, a PE ratio of -110.00 and a beta of 1.73.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. Trupanion had a negative return on equity of 6.29% and a negative net margin of 1.57%. The company had revenue of $314.80 million for the quarter, compared to analysts' expectations of $309.33 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The firm's quarterly revenue was up 16.3% on a year-over-year basis. On average, equities research analysts anticipate that Trupanion, Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

TRUP has been the topic of several recent analyst reports. William Blair began coverage on shares of Trupanion in a report on Friday, July 19th. They set an "outperform" rating on the stock. Northland Securities increased their price target on shares of Trupanion from $35.00 to $45.00 and gave the stock a "market perform" rating in a research note on Thursday, September 19th. Evercore ISI raised shares of Trupanion to a "strong-buy" rating in a research note on Friday, August 9th. Piper Sandler upped their price objective on Trupanion from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their target price on Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.83.

Insider Activity at Trupanion

In related news, CEO Margaret Tooth sold 7,500 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total value of $348,600.00. Following the transaction, the chief executive officer now owns 99,984 shares in the company, valued at approximately $4,647,256.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Trupanion news, CFO Fawwad Qureshi sold 624 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $46.54, for a total transaction of $29,040.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was 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 of the company's stock, valued at $4,647,256.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,764 shares of company stock valued at $405,238. Corporate 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.