Barclays PLC Boosts Position in Trupanion, Inc. (NASDAQ:TRUP)

Barclays PLC boosted its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 259.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 65,498 shares of the financial services provider's stock after acquiring an additional 47,262 shares during the period. Barclays PLC owned 0.15% of Trupanion worth $2,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in Trupanion by 2.8% during 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trupanion by 47.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,190 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 2,973 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Trupanion by 17.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 36,651 shares of the financial services provider's stock worth $1,078,000 after purchasing an additional 5,382 shares in the last quarter. Headlands Technologies LLC bought a new position in Trupanion in the 2nd quarter worth about $162,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Trupanion during the 2nd quarter valued at about $235,000.

Trupanion Price Performance

Trupanion stock traded up $1.25 during mid-day trading on Wednesday, hitting $51.00. 137,051 shares of the company traded hands, compared to its average volume of 666,294. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a one year low of $19.69 and a one year high of $57.90. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -159.38 and a beta of 1.61. The stock has a fifty day moving average price of $52.91 and a 200-day moving average price of $43.19.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The firm's revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. On average, equities analysts predict that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRUP shares. Northland Securities increased their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of Trupanion from $45.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Bank of America upped their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.67.

Insider Buying and Selling

In other Trupanion news, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the transaction, the senior vice president now directly owns 24,708 shares of the company's stock, valued at $1,355,233.80. The trade was a 11.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.08, for a total value of $523,740.36. The disclosure for this sale can be found here. Insiders sold 28,405 shares of company stock worth $1,512,482 in the last quarter. 5.50% of the stock is owned by insiders.

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.