Landscape Capital Management L.L.C. Takes Position in Trupanion, Inc. (NASDAQ:TRUP)

Landscape Capital Management L.L.C. bought a new position in shares of Trupanion, Inc. (NASDAQ:TRUP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,627 shares of the financial services provider’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in 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 acquiring an additional 500 shares during the period. GAMMA Investing LLC increased its stake in Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Trupanion by 1.9% during the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 685 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Trupanion by 2.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after buying an additional 830 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Trupanion during the third quarter valued at about $37,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRUP shares. Northland Securities upped their target price 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 raised their target price on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upgraded Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Stifel Nicolaus raised their price objective on Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, Bank of America lifted their price objective 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Insiders Place Their Bets

In other news, Director Murray B. Low sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the sale, the director now owns 131,513 shares of the company’s stock, valued at $6,926,789.71. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steve Weinrauch sold 11,916 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares of the company’s stock, valued at approximately $2,595,834. This trade represents a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,040 shares of company stock valued at $1,114,529 over the last ninety days. 5.50% of the stock is currently owned by insiders.

Trupanion Price Performance

TRUP opened at $53.60 on Friday. The firm has a market cap of $2.27 billion, a P/E ratio of -167.50 and a beta of 1.69. 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 fifty-two week low of $19.69 and a fifty-two week high of $57.90. The firm has a 50-day moving average of $49.05 and a 200 day moving average of $39.26.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million during 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%. Trupanion’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. On average, research analysts expect that Trupanion, Inc. will post -0.23 EPS for the current year.

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.