Landscape Capital Management L.L.C. Acquires New Position in Trupanion, Inc. $TRUP

Landscape Capital Management L.L.C. acquired a new stake in Trupanion, Inc. (NASDAQ:TRUP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 103,455 shares of the financial services provider’s stock, valued at approximately $2,563,000. Landscape Capital Management L.L.C. owned 0.24% of Trupanion at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRUP. Kelleher Financial Advisors bought a new stake in shares of Trupanion during the second quarter valued at approximately $42,000. Parallel Advisors LLC grew its stake in Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,722 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Trupanion during the 4th quarter worth $64,000. Advisory Services Network LLC purchased a new position in Trupanion during the 3rd quarter worth $160,000. Finally, Fifth Third Bancorp raised its position in Trupanion by 2,911.1% during the 1st quarter. Fifth Third Bancorp now owns 7,588 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 7,336 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRUP shares. Stifel Nicolaus upped their target price on Trupanion from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday. Zacks Research upgraded Trupanion from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Atlantic Securities set a $42.00 price objective on Trupanion in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Trupanion presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.80.

Trupanion Stock Up 1.4%

Shares of NASDAQ TRUP opened at $31.10 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.36 billion, a PE ratio of 58.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.39. The stock’s fifty day simple moving average is $26.32 and its two-hundred day simple moving average is $26.06. Trupanion, Inc. has a 12-month low of $21.16 and a 12-month high of $48.48.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The firm had revenue of $392.93 million during the quarter, compared to analyst estimates of $389.72 million. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. As a group, analysts expect that Trupanion, Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In other Trupanion news, CFO Fawwad Qureshi sold 6,177 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $22.18, for a total value of $137,005.86. Following the completion of the sale, the chief financial officer directly owned 2,081 shares in the company, valued at $46,156.58. This trade represents a 74.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Margaret Tooth sold 978 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $29.05, for a total value of $28,410.90. Following the completion of the sale, the chief executive officer directly owned 175,401 shares of the company’s stock, valued at $5,095,399.05. The trade was a 0.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,785 shares of company stock worth $422,862. Insiders own 5.58% of the company’s stock.

Trupanion Company Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.