Connor Clark & Lunn Investment Management Ltd. Has $623,000 Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Posted by on Aug 25th, 2023

Connor Clark & Lunn Investment Management Ltd. increased its stake in Trupanion, Inc. (NASDAQ:TRUP – Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,517 shares of the financial services provider’s stock after buying an additional 1,663 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Trupanion were worth $623,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Amalgamated Bank raised its stake in Trupanion by 1.3% in the 4th quarter. Amalgamated Bank now owns 17,891 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 237 shares during the period. PNC Financial Services Group Inc. raised its stake in Trupanion by 12.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,340 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 253 shares during the period. Snider Financial Group raised its stake in Trupanion by 10.0% in the 1st quarter. Snider Financial Group now owns 2,889 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 263 shares during the period. Arizona State Retirement System raised its stake in Trupanion by 3.0% in the 1st quarter. Arizona State Retirement System now owns 10,069 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 296 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Trupanion by 3.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,828 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 314 shares during the period.

Trupanion Trading Down 0.7 %

Shares of TRUP stock opened at $29.68 on Friday. The stock has a 50-day moving average of $26.79 and a 200-day moving average of $35.35. Trupanion, Inc. has a 1-year low of $18.45 and a 1-year high of $78.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 1.57.

Trupanion (NASDAQ:TRUP – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.09. Trupanion had a negative return on equity of 20.32% and a negative net margin of 6.03%. The firm had revenue of $270.60 million during the quarter, compared to analyst estimates of $262.81 million. During the same period last year, the company posted ($0.33) EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, analysts expect that Trupanion, Inc. will post -1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Trupanion in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Piper Sandler reduced their target price on Trupanion from $44.00 to $33.00 in a report on Friday, May 5th. Bank of America cut Trupanion from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $72.00 to $32.00 in a report on Sunday, May 7th. Evercore ISI reduced their price objective on Trupanion from $45.00 to $35.00 in a research note on Wednesday, July 5th. Finally, Lake Street Capital lowered their target price on Trupanion from $75.00 to $47.00 in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.38.

View Our Latest Report on TRUP

About Trupanion

(Free Report)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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