Polen Capital is Optimistic in Trupanion (TRUP), Here’s Why

Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 1.94% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2000 Growth benchmark that delivered a -5.64% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Polen U.S. Small Company Growth, 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 $5.5 billion market capitalization. TRUP delivered a 10.38% return since the beginning of the year, while its 12-month returns are up by 37.52%. The stock closed at $132.14 per share on November 22, 2021.

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

“Conversely, 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 James Lacy 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 38.63% return in the past 3 months.

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