Hussman Strategic Advisors Inc. Takes Position in Trupanion, Inc. (NASDAQ:TRUP)

Hussman Strategic Advisors Inc. bought a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 63,000 shares of the financial services provider's stock, valued at approximately $2,348,000. Hussman Strategic Advisors Inc. owned about 0.15% of Trupanion at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TRUP. Jones Financial Companies Lllp raised its stake in Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after buying an additional 238 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Trupanion by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 306,752 shares of the financial services provider's stock worth $14,785,000 after purchasing an additional 6,338 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Trupanion in the 4th quarter worth $976,000. Raymond James Financial Inc. purchased a new stake in shares of Trupanion in the 4th quarter worth $593,000. Finally, Amundi increased its stake in shares of Trupanion by 193.2% in the 4th quarter. Amundi now owns 16,828 shares of the financial services provider's stock worth $784,000 after purchasing an additional 11,088 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Lake Street Capital reduced their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Piper Sandler upped their price objective on Trupanion from $52.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trupanion has a consensus rating of "Moderate Buy" and a consensus price target of $53.80.

Trupanion Price Performance

TRUP stock traded up $0.43 during trading on Friday, reaching $51.16. The company's stock had a trading volume of 503,770 shares, compared to its average volume of 614,876. Trupanion, Inc. has a 1 year low of $29.70 and a 1 year high of $57.90. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.19 billion, a P/E ratio of -511.55 and a beta of 1.82. The company's fifty day moving average is $50.28 and its 200-day moving average is $43.85.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Trupanion had a negative return on equity of 1.33% and a negative net margin of 0.32%. The business had revenue of $341.98 million during the quarter, compared to the consensus estimate of $337.81 million. During the same period in the prior year, the company posted ($0.16) EPS. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO John R. Gallagher sold 4,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $47.90, for a total transaction of $191,600.00. Following the completion of the transaction, the chief operating officer owned 26,966 shares in the company, valued at $1,291,671.40. This trade represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Margaret Tooth sold 4,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total value of $183,440.00. Following the transaction, the chief executive officer owned 118,784 shares of the company's stock, valued at approximately $5,447,434.24. The trade was a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,562 shares of company stock worth $678,230 in the last three months. 5.42% of the stock is owned by company insiders.

Trupanion 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.