Here’s Why Polen Capital Kept its Positive Outlook in Trupanion (TRUP)

·1 min read

Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.42% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2500 Growth benchmark that delivered a -3.53% return for the same period.

U.S. SMID Company Growth Fund, in its Q3 2021 investor letter, mentioned Trupanion, Inc. (NYSE: TRUP) and discussed its stance on the firm. Trupanion, Inc. is a Seattle, Washington-based pet insurance company with a $5.1 billion market capitalization. TRUP delivered a 4.44% return since the beginning of the year, while its 12-month returns are up by 31.15%. The stock closed at $125.03 per share on November 24, 2021.

Here is what U.S. SMID Company Growth Fund has to say about Trupanion, Inc. in its Q3 2021 investor letter:

"Trupanion reported mixed earnings results, mostly due to higher-than-expected costs of new pet acquisition. The increased spending is intended to drive future growth. We continue to believe Trupanion’s long-term growth prospects and competitive positioning remain compelling in an underpenetrated U.S. pet insurance market."

Photo by Karlo Tottoc on Unsplash

Based on our calculations, Trupanion, Inc. (NYSE: TRUP) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TRUP was in 16 hedge fund portfolios at the end of the third quarter of 2021, compared to 14 funds in the previous quarter. Trupanion, Inc. (NYSE: TRUP) delivered a 33.25% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.