Algert Global LLC Takes $637,000 Position in Trupanion, Inc. (NASDAQ:TRUP)

Algert Global LLC bought a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,216 shares of the financial services provider's stock, valued at approximately $637,000.

A number of other large investors have also recently modified their holdings of the stock. Amundi grew its holdings in Trupanion by 193.2% in the fourth quarter. Amundi now owns 16,828 shares of the financial services provider's stock worth $784,000 after purchasing an additional 11,088 shares during the period. Barclays PLC grew its holdings in Trupanion by 259.2% in the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider's stock worth $2,750,000 after purchasing an additional 47,262 shares during the period. Vanguard Group Inc. grew its holdings in Trupanion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock worth $173,362,000 after purchasing an additional 45,653 shares during the period. Wealthfront Advisers LLC purchased a new stake in Trupanion in the fourth quarter worth about $845,000. Finally, Dimensional Fund Advisors LP grew its holdings in Trupanion by 112.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock worth $13,204,000 after purchasing an additional 144,828 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Lake Street Capital dropped their target price on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Piper Sandler reduced their target price on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their target price on shares of Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trupanion presently has an average rating of "Moderate Buy" and a consensus price target of $51.80.

Insider Buying and Selling at Trupanion

In other news, SVP Emily Dreyer sold 14,025 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the sale, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. This trade represents a 33.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret Tooth sold 2,294 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total transaction of $72,008.66. Following the completion of the sale, the chief executive officer now owns 118,784 shares of the company's stock, valued at $3,728,629.76. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,792 shares of company stock worth $1,122,802 over the last 90 days. 5.50% of the stock is owned by insiders.

Trupanion Price Performance

TRUP traded up $1.82 during trading on Friday, hitting $47.25. 177,380 shares of the company traded hands, compared to its average volume of 642,693. The company has a market cap of $2.02 billion, a PE ratio of -205.20, a P/E/G ratio of 6.02 and a beta of 1.72. The stock's 50-day simple moving average is $37.69 and its two-hundred day simple moving average is $44.39. Trupanion, Inc. has a 1 year low of $25.90 and a 1 year high of $57.90. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $341.98 million during the quarter, compared to analysts' expectations of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. Trupanion's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company posted ($0.16) earnings per share. As a group, sell-side analysts anticipate that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal 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.