Jacobs Levy Equity Management Inc. Takes $687,000 Position in Trupanion, Inc. (NASDAQ:TRUP)

Jacobs Levy Equity Management Inc. bought a new stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,258 shares of the financial services provider's stock, valued at approximately $687,000.

Several other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp grew its position in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 238 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Trupanion by 58.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 460 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Trupanion in the fourth quarter valued at about $25,000. Swiss National Bank grew its position in shares of Trupanion by 1.1% in the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock valued at $3,196,000 after purchasing an additional 700 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Trupanion by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 28,317 shares of the financial services provider's stock valued at $1,189,000 after purchasing an additional 738 shares during the period.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Trupanion news, CEO Margaret Tooth sold 2,294 shares of Trupanion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $31.39, for a total transaction of $72,008.66. Following the transaction, the chief executive officer now directly owns 118,784 shares of the company's stock, valued at $3,728,629.76. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 1,373 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the completion of the sale, the chief financial officer now directly owns 2,416 shares in the company, valued at $82,675.52. This trade represents a 36.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,792 shares of company stock valued at $1,306,242 over the last ninety days. Company insiders own 5.42% of the company's stock.

Trupanion Price Performance

Shares of NASDAQ:TRUP traded up $0.36 during midday trading on Friday, hitting $44.54. The company's stock had a trading volume of 389,273 shares, compared to its average volume of 606,524. The business's 50 day simple moving average is $38.95 and its 200 day simple moving average is $44.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. The company has a market cap of $1.91 billion, a P/E ratio of -193.65, a price-to-earnings-growth ratio of 6.02 and a beta of 1.72. Trupanion, Inc. has a 12-month low of $25.90 and a 12-month high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company had revenue of $341.98 million for the quarter, compared to the consensus estimate of $337.81 million. During the same period in the previous year, the firm earned ($0.16) earnings per share. Trupanion's quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Trupanion, Inc. will post 0.13 EPS for the current 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.