Dimensional Fund Advisors LP Boosts Stock Holdings in Trupanion, Inc. $TRUP

Key Points

• Dimensional Fund Advisors increased its Trupanion position by 15.7% in the first quarter, adding 95,064 shares to own 702,086 shares valued at approximately $18.0 million.
• Institutional interest was broadly positive, with Millennium Management, Goldman Sachs, Two Sigma, Polar Capital and Marshall Wace also raising their stakes. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $41.60.
• Trupanion reported quarterly earnings of $0.16 per share, exceeding estimates by $0.05, while revenue rose 11.1% year over year to $392.93 million. However, company insiders sold 17,807 shares worth about $394,452 over the past 90 days.

Dimensional Fund Advisors LP grew its position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 15.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 702,086 shares of the financial services provider's stock after buying an additional 95,064 shares during the period. Dimensional Fund Advisors LP owned 1.61% of Trupanion worth $17,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRUP. Millennium Management LLC increased its stake in shares of Trupanion by 185.8% in the third quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider's stock worth $26,790,000 after purchasing an additional 402,421 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Trupanion by 116.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider's stock valued at $17,826,000 after buying an additional 256,559 shares in the last quarter. Two Sigma Investments LP raised its holdings in Trupanion by 3,201.0% during the 3rd quarter. Two Sigma Investments LP now owns 224,433 shares of the financial services provider's stock valued at $9,713,000 after acquiring an additional 217,634 shares during the period. Polar Capital Holdings Plc raised its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider's stock valued at $55,121,000 after acquiring an additional 175,000 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Trupanion by 15.5% during the third quarter. Marshall Wace LLP now owns 1,212,151 shares of the financial services provider's stock worth $52,462,000 after acquiring an additional 163,101 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRUP shares. Atlantic Securities set a $42.00 price target on Trupanion in a report on Wednesday, July 15th. Bank of America decreased their price objective on Trupanion from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Zacks Research raised Trupanion from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Stifel Nicolaus set a $28.00 target price on Trupanion in a research note on Friday, June 26th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Trupanion in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Insiders Place Their Bets

In related news, COO John R. Gallagher sold 3,603 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.69, for a total transaction of $78,149.07. Following the transaction, the chief operating officer owned 33,065 shares in the company, valued at $717,179.85. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steve Weinrauch sold 6,674 shares of Trupanion stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $22.00, for a total value of $146,828.00. Following the sale, the executive vice president directly owned 78,062 shares in the company, valued at approximately $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,807 shares of company stock worth $394,452. 5.58% of the stock is currently owned by company insiders.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $26.99 on Friday. The stock has a market cap of $1.18 billion, a PE ratio of 50.93 and a beta of 1.39. The company's fifty day moving average is $24.72 and its 200 day moving average is $26.17. Trupanion, Inc. has a 52 week low of $21.16 and a 52 week high of $57.00. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings data 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. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The firm had revenue of $392.93 million for the quarter, compared to the consensus estimate of $389.72 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Trupanion, Inc. will post 0.55 earnings per share for the current year.

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.

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