Brown Advisory Inc. Purchases Shares of 11,265 Trupanion, Inc. (NASDAQ:TRUP)

Brown Advisory Inc. acquired a new stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,265 shares of the financial services provider's stock, valued at approximately $420,000.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings 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 worth $27,000 after purchasing an additional 238 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Trupanion by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 306,752 shares of the financial services provider's stock worth $14,785,000 after purchasing an additional 6,338 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Trupanion in the fourth quarter worth about $976,000. Raymond James Financial Inc. bought a new stake in shares of Trupanion in the fourth quarter worth about $593,000. Finally, Amundi increased its holdings in shares of Trupanion by 193.2% in the fourth quarter. Amundi now owns 16,828 shares of the financial services provider's stock worth $784,000 after purchasing an additional 11,088 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on TRUP. Piper Sandler boosted their price objective on Trupanion from $52.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Lake Street Capital reduced their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.80.

Trupanion Trading Up 0.7%

Shares of NASDAQ:TRUP traded up $0.36 during trading hours on Thursday, hitting $50.62. 155,154 shares of the company's stock traded hands, compared to its average volume of 611,744. Trupanion, Inc. has a 1 year low of $29.70 and a 1 year high of $57.90. The business has a fifty day moving average price of $50.01 and a 200-day moving average price of $43.82. The firm has a market capitalization of $2.17 billion, a P/E ratio of -506.15 and a beta of 1.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.70.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $341.98 million during the quarter, compared to analyst estimates of $337.81 million. Trupanion had a negative return on equity of 1.33% and a negative net margin of 0.32%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. Equities analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insider Activity at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 4,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $45.86, for a total transaction of $183,440.00. Following the completion of the sale, the chief executive officer owned 118,784 shares in the company, valued at $5,447,434.24. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 2,534 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the sale, the chief financial officer owned 3,545 shares of the company's stock, valued at approximately $171,258.95. This represents a 41.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,562 shares of company stock worth $678,230. Company 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.