New York State Common Retirement Fund Has $2.45 Million Stock Position in Trupanion, Inc. (NASDAQ:TRUP)

New York State Common Retirement Fund lifted its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,434 shares of the financial services provider’s stock after purchasing an additional 1,292 shares during the quarter. New York State Common Retirement Fund owned 0.19% of Trupanion worth $2,454,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BluePath Capital Management LLC acquired a new stake in Trupanion in the third quarter valued at about $31,000. PNC Financial Services Group Inc. boosted its stake in Trupanion by 45.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after buying an additional 933 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Trupanion in the third quarter valued at about $219,000. Oppenheimer Asset Management Inc. acquired a new stake in Trupanion in the third quarter valued at about $225,000. Finally, Gabelli Funds LLC acquired a new stake in Trupanion in the third quarter valued at about $234,000.

Analysts Set New Price Targets

TRUP has been the topic of several research analyst reports. Evercore ISI reduced their price objective on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their price target on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Canaccord Genuity Group cut their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Piper Sandler cut their price target on Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Trupanion presently has an average rating of “Hold” and a consensus price target of $28.75.

Trupanion Trading Up 13.5 %

Shares of TRUP stock opened at $25.55 on Wednesday. The company has a market cap of $1.07 billion, a P/E ratio of -39.92 and a beta of 1.76. The stock has a 50 day simple moving average of $25.54 and a two-hundred day simple moving average of $26.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.63 and a current ratio of 1.62. Trupanion, Inc. has a fifty-two week low of $18.45 and a fifty-two week high of $36.66.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business had revenue of $306.12 million during the quarter, compared to the consensus estimate of $300.51 million. During the same period in the previous year, the company posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Research analysts forecast that Trupanion, Inc. will post -0.43 earnings per share for the current year.

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.