Jacobs Levy Equity Management Inc. Acquires 289,292 Shares of Trupanion, Inc. $TRUP

Jacobs Levy Equity Management Inc. boosted its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 2,029.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 303,550 shares of the financial services provider's stock after purchasing an additional 289,292 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.71% of Trupanion worth $11,313,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC lifted its position in Trupanion by 940.6% in the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 950 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Trupanion by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after buying an additional 235 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Trupanion during the 4th quarter worth about $227,000. Gotham Asset Management LLC bought a new stake in shares of Trupanion during the 4th quarter worth about $234,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Trupanion during the 1st quarter worth about $243,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Trupanion to a "hold" rating in a research report on Wednesday, August 13th. Piper Sandler lifted their target price on shares of Trupanion from $62.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Trupanion from $41.00 to $45.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Trupanion presently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 2,800 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total value of $127,568.00. Following the completion of the sale, the chief financial officer directly owned 6,451 shares in the company, valued at approximately $293,907.56. The trade was a 30.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darryl Rawlings sold 30,369 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $44.70, for a total transaction of $1,357,494.30. Following the completion of the sale, the director owned 1,413,281 shares of the company's stock, valued at $63,173,660.70. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,800 shares of company stock valued at $2,364,335 over the last 90 days. 5.42% of the stock is owned by corporate insiders.

Trupanion Stock Up 0.1%

TRUP stock traded up $0.04 during trading hours on Friday, hitting $43.50. The company's stock had a trading volume of 388,500 shares, compared to its average volume of 423,659. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.87 billion, a PE ratio of 167.31 and a beta of 1.72. Trupanion, Inc. has a 12 month low of $31.00 and a 12 month high of $57.90. The stock has a 50 day moving average price of $48.00 and a two-hundred day moving average price of $44.25.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its earnings results on Thursday, August 7th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.25. The company had revenue of $353.56 million during the quarter, compared to the consensus estimate of $346.73 million. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current year.

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.