Polar Capital Holdings Plc Trims Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Polar Capital Holdings Plc lessened its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,250,000 shares of the financial services provider's stock after selling 50,000 shares during the period. Polar Capital Holdings Plc owned approximately 2.95% of Trupanion worth $60,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRUP. Balyasny Asset Management L.P. grew its position in Trupanion by 368.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider's stock valued at $40,548,000 after buying an additional 661,559 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Trupanion by 170.7% during the 4th quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider's stock valued at $16,248,000 after purchasing an additional 212,545 shares in the last quarter. Freestone Grove Partners LP bought a new position in Trupanion during the 4th quarter valued at $7,776,000. Baillie Gifford & Co. raised its stake in shares of Trupanion by 26.6% in the 4th quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider's stock worth $33,806,000 after buying an additional 147,341 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Trupanion in the fourth quarter worth about $7,083,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRUP shares. Stifel Nicolaus decreased their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Piper Sandler decreased 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, Lake Street Capital cut their price target on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.80.

Trupanion Stock Down 1.3%

NASDAQ TRUP traded down $0.62 during trading hours on Monday, hitting $46.15. 456,952 shares of the company traded hands, compared to its average volume of 646,710. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -200.65, a P/E/G ratio of 6.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. Trupanion, Inc. has a twelve month low of $25.90 and a twelve month high of $57.90. The business's 50-day moving average is $37.96 and its 200-day moving average is $44.19.

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, topping analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $341.98 million during the quarter, compared to the consensus estimate of $337.81 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) earnings per share. Sell-side analysts anticipate that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insider Activity

In other Trupanion news, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.41, for a total value of $454,550.25. Following the transaction, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. This represents a 33.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret Tooth sold 2,294 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total value of $72,008.66. Following the completion of the transaction, the chief executive officer now owns 118,784 shares in the company, valued at approximately $3,728,629.76. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,792 shares of company stock worth $1,122,802. Corporate insiders own 5.42% of the company's stock.

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.