First Manhattan CO. LLC. Makes New $367,000 Investment in Trupanion, Inc. $TRUP

Key Points

• First Manhattan CO. LLC. invested approximately $367,000 in Trupanion, acquiring 9,837 shares in the first quarter, according to a recent SEC filing.
• Trupanion reported a quarterly EPS of $0.22, exceeding estimates and marking a revenue increase of 12.3% year-over-year with a total revenue of $353.56 million.
• Brokerage firms have given Trupanion a Moderate Buy rating, with price targets ranging from $45.00 to $67.00 following recent upgrades.

First Manhattan CO. LLC. purchased a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,837 shares of the financial services provider's stock, valued at approximately $367,000.

Several other hedge funds have also recently added to or reduced their stakes in TRUP. Raymond James Financial Inc. bought a new position in Trupanion during the 4th quarter worth approximately $593,000. Dimensional Fund Advisors LP grew its position in shares of Trupanion by 112.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock worth $13,204,000 after buying an additional 144,828 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Trupanion by 20.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,974 shares of the financial services provider's stock worth $626,000 after buying an additional 2,202 shares during the period. Voya Investment Management LLC grew its position in shares of Trupanion by 16.2% during the 4th quarter. Voya Investment Management LLC now owns 12,484 shares of the financial services provider's stock worth $602,000 after buying an additional 1,745 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Trupanion by 6.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 16,637 shares of the financial services provider's stock worth $802,000 after buying an additional 962 shares during the period.

Trupanion Stock Performance

NASDAQ TRUP opened at $44.18 on Thursday. The company has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $44.02. Trupanion, Inc. has a 12-month low of $31.00 and a 12-month high of $57.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.90 billion, a P/E ratio of 169.93 and a beta of 1.72.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.25. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The business had revenue of $353.56 million during the quarter, compared to the consensus estimate of $346.73 million. During the same quarter last year, the firm posted ($0.14) EPS. Trupanion's revenue was up 12.3% compared to the same quarter last year. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRUP. Piper Sandler raised their price objective on shares of Trupanion from $62.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald raised shares of Trupanion to a "hold" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.17.

Insider Transactions at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 2,800 shares of Trupanion stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total transaction of $127,568.00. Following the transaction, the chief financial officer directly owned 6,451 shares of the company's stock, valued at $293,907.56. The trade was a 30.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.42% of the stock is owned by corporate insiders.

Trupanion Company 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.

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